Market frictions: A unified model of search costs and switching costs
Market frictions: A unified model of search costs and switching costs
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市场摩擦:搜索成本和转换成本的统一模型
DOI:
10.1016/j.euroecorev.2012.05.007
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发表时间:
2012
影响因子:
2.8
通讯作者:
Wilson C
中科院分区:
文献类型:
--
作者:
Wilson C
It is well known that search costs and switching costs can create market power by constraining the ability of consumers to change suppliers. While previous research has examined each cost in isolation, this paper demonstrates the benefits of examining the two types of friction in unison. The paper shows how subtle distinctions between the two costs can provide important differences in their effects upon consumer behaviour, competition and welfare. In addition, the paper also illustrates a simple empirical methodology for estimating separate measures of both costs, while demonstrating a potential bias that can arise if only one cost is considered.
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DOI:
10.2307/2297473
发表时间:
1984-06
期刊:
The Review of Economic Studies
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