The analysis of the propensity to search under price dispersion discovers the identity of the optimal consumption-leisure choices in the model of optimal...
Tag - propensity to search
If the demand under price dispersion is formed by consumers with zero search costs and consumers with positive search costs, the law of one price holds at the...
The analysis of the propensity to search specifies the “common” or the ordinary model of consumer behavior based on the synthesis of the neoclassical approach...