Elasticity of demand for search

被引：2

作者：

Arnold, MA

Lippman, SA ^{[1
]}

机构：

[1] Univ Calif Los Angeles, Anderson Grad Sch Management, Los Angeles, CA 90095 USA

[2] Univ Delaware, Dept Econ, Newark, DE 19716 USA

来源：

ECONOMICS LETTERS | 2000年 / 67卷 / 03期

关键词：

search; elasticity; hazard rate;

D O I：

10.1016/S0165-1765(99)00282-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the demand elasticity of search. We provide a new characterization of monotone hazard rate and of the first-order condition determining the optimal reservation price, and prove that the demand for information is elastic if the hazard rate function h for the distribution of offers is decreasing and inelastic if h is increasing. (C) 2000 Elsevier Science S.A. All rights reserved.

引用

页码：309 / 314

页数：6