Data and Code for: "Startup Search Costs"
收藏ICPSR2022-01-01 更新2026-04-16 收录
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资源简介：
Workhorse economic models used for studying the market impacts of search frictions assume constant search costs: individuals pay the same cost to obtain price information each time they search. This paper provides evidence on a new form of search costs: startup costs. Exploiting a natural experiment in retail gasoline, we document how a temporary, large exogenous shock to consumers' search incentives leads to a substantial, permanent increase in price search. A standard search model fails to explain such history-dependence in search, while it follows directly from a model with a one-time up-front cost to start searching.
提供机构：
University of Sydney; University of Melbourne
创建时间：
2022-01-01
