The sequential search model: A framework for empirical research

被引:0
作者
Ursu, Raluca [1 ]
Seiler, Stephan [2 ,3 ]
Honka, Elisabeth [4 ]
机构
[1] NYU Stern, New York, NY USA
[2] Imperial Coll, London, England
[3] CEPR, London, England
[4] UCLA, Los Angeles, CA 90095 USA
来源
QME-QUANTITATIVE MARKETING AND ECONOMICS | 2025年 / 23卷 / 01期
关键词
Sequential search model; D43; D83; L13; CONSUMER SEARCH; PRICE BELIEFS; INFORMATION; SIMULATION; ECONOMICS; DEMAND; IDENTIFICATION; COSTS;
D O I
10.1007/s11129-024-09291-2
中图分类号
F [经济];
学科分类号
02 ;
摘要
We provide a detailed overview of the empirical implementation of the sequential search model proposed by Weitzman (1979). We discuss the assumptions underlying the model, the identification of search cost and preference parameters, elasticities and welfare formulas, and different estimation approaches. The goal of this paper is to consolidate knowledge and provide a unified treatment of various aspects of sequential search models that are relevant for empirical work.
引用
收藏
页码:165 / 213
页数:49
相关论文
共 64 条
[1]  
Abaluck Jason., 2023, A method to estimate discrete choice models that is robust to consumer search
[2]   A new use of importance sampling to reduce computational burden in simulation estimation [J].
Ackerberg, Daniel A. .
QME-QUANTITATIVE MARKETING AND ECONOMICS, 2009, 7 (04) :343-376
[3]  
AMANO T., 2022, CEPR Discussion Paper No. DP16933
[4]   MEASURING THE SENSITIVITY OF PARAMETER ESTIMATES TO ESTIMATION MOMENTS [J].
Andrews, Isaiah ;
Gentzkow, Matthew ;
Shapiro, Jesse M. .
QUARTERLY JOURNAL OF ECONOMICS, 2017, 132 (04) :1553-1592
[5]   Learning Product Characteristics and Consumer Preferences from Search Data [J].
Armona, Luis ;
Lewis, Greg ;
Zervas, Georgios .
MARKETING SCIENCE, 2024,
[6]   ORDERED CONSUMER SEARCH [J].
Armstrong, Mark .
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION, 2017, 15 (05) :989-1024
[7]   Differentiated products demand systems from a combination of micro and macro data: The new car market [J].
Berry, S ;
Levinsohn, J ;
Pakes, A .
JOURNAL OF POLITICAL ECONOMY, 2004, 112 (01) :68-105
[8]   IDENTIFICATION IN DIFFERENTIATED PRODUCTS MARKETS USING MARKET LEVEL DATA [J].
Berry, Steven T. ;
Haile, Philip A. .
ECONOMETRICA, 2014, 82 (05) :1749-1797
[9]   Too Much Information? Information Provision and Search Costs [J].
Branco, Fernando ;
Sun, Monic ;
Villas-Boas, J. Miguel .
MARKETING SCIENCE, 2016, 35 (04) :605-618
[10]   Optimal Search for Product Information [J].
Branco, Fernando ;
Sun, Monic ;
Villas-Boas, J. Miguel .
MANAGEMENT SCIENCE, 2012, 58 (11) :2037-2056