This paper uses consumer search data to explain search frictions in online markets, within the context of an … equilibrium search model. I use a novel dataset of consumer online browsing and purchasing behavior, which tracks all consumer … search prior to each transaction. Using observed search intensities from the online book industry, I estimate search cost …

Using a large data set on consumers' web browsing and purchasing behavior we contrast various classical search models …. We find that the benchmark model of sequential search with a known distributions of prices can be rejected based on the … distribution and have to learn the price distribution, observed search behavior for given consumers over time is more consistent …

show that the increase in efficiency holds even when controlling for the search intensity of guests, the change in the … composition of transactions and aggregate market conditions at the time of search I demonstrate that guests are elastic with …

assortments. Consumers face a search problem within an assortment of horizontally differentiated products supplied by a monopolist …. They may search for a product match by drawing products from the assortment or by seeking word of mouth recommendations …

The digital revolution has dramatically reduced search costs for information. Consumers can now access information that …

Paid placement, where advertisers bid payments to a search engine to have their products appear next to keyword search … learn about a seller?s product through a costly search. In equilibrium, a seller bids more for placement when his product is … more relevant for a given keyword, and the paid placement of sellers by the search engine reveals information about the …