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Baye Morgan Scholten (2006) - Information Search and Price Dispersion (view source)
Revision as of 22:59, 25 January 2010
, 22:59, 25 January 2010no edit summary
This is decreasing in <math>n\,</math> and increasing in <math>K\,</math>. Also as the cost of the <math>nth n,</math>th search is independent of <math>K\,</math>, the equilibrium search intensity is increasing in <math>K\,</math>. Note that <math>K\,</math> may refer to either purchases in greater quantities or more frequent purchases.