Karle, Heiko; Kerzenmacher, Florian; Schumacher, Heiner; … - 2022
Empirical search cost estimates tend to increase in the size of the transaction, even if search can be done … conveniently online. To assess this pattern systematically, we conduct an online search experiment in which we manipulate the price … scale while keeping the physical search effort for each price quote constant. Based on a standard search model, we confirm …