This paper analyses the role of information in the search process. Ibuild a simple model of a good with two random … which neither affect expected utility norits variance. These changes have a great impact on the search behaviour …:the customer may start to search the characteristics and buy the goodeven if she did not do so before. The optimal search rule is …

This paper analyses the role of information in the search process. I …

. If two agents search simultaneously, the incentive tocontinue searching is affected by the information found by theother … agent. This forces the principal to leave rents to theagents. If agents search sequentially, the reward can be …

advocacy systems. If two agents search simultaneously, the incentive to continue searching is affected by the information found … by the other agent. This forces the principal to leave rents to the agents. If agents search sequentially, the reward can …

See also the article <I>Search Costs, Demand-side Economies, and the Incentives to merge under Bertrand Competition … merge in a Bertrand competitionmodel where firms sell differentiated products and consumers search the marketfor … than the outsiders so consumers search forgood deals first at the non-merging stores and then, if they do not find …

decide whether to search for a new wild organism with a certain quality or to produce the drug in question with an extant …