The Marriage Model with Search Frictions

1997 ◽  
Author(s):  
Lones Smith
Keyword(s):  
Search Frictions ◽  
Marriage Model

The Marriage Model with Search Frictions

2006 ◽  
Vol 114 (6) ◽  
pp. 1124-1144 ◽  
Author(s):  
Lones Smith
Keyword(s):  
Search Frictions ◽  
Marriage Model

The Effect of Search Frictions on Mergers

2008 ◽  
Author(s):  
Filippos Papakonsantinou ◽  
Marc Martos-Vila
Keyword(s):  
Search Frictions

scholarly journals Aging and automation in economies with search frictions

2021 ◽  
Author(s):  
Xiaomeng Zhang ◽  
Theodore Palivos ◽  
Xiangbo Liu
Keyword(s):  
Search Frictions

scholarly journals Power to Choose? An Analysis of Consumer Inertia in the Residential Electricity Market

2017 ◽  
Vol 9 (4) ◽  
pp. 192-226 ◽  
Author(s):  
Ali Hortaçsu ◽  
Seyed Ali Madanizadeh ◽  
Steven L. Puller
Keyword(s):  
Electricity Market ◽  
Low Cost ◽  
Consumer Surplus ◽  
Retail Competition ◽  
Search Frictions ◽  
Cost Information ◽  
Household Level ◽  
Consumer Benefits ◽  
Level Data ◽  
Residential Electricity

Many jurisdictions around the world have deregulated utilities and opened retail markets to competition. However, inertial decision making can diminish consumer benefits of retail competition. Using household-level data from the Texas residential electricity market, we document evidence of consumer inertia. We estimate an econometric model of retail choice to measure two sources of inertia: search frictions/inattention and a brand advantage that consumers afford the incumbent. We find that households rarely search for alternative retailers, and when they do search, households attach a brand advantage to the incumbent. Counterfactual experiments show that low-cost information interventions can notably increase consumer surplus. (JEL D12, D83, L81, L94, L98, M31)

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