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Essays on Consumer Search

Funding agency: ÖAW

Amount: 70.000 Euro 

Project duration: 2016 - 2018


Univ.-Prof. Dr. Maarten Janssen


Short description:

The consumer search literature in economics has made important steps in relaxing the informational assumptions of traditional economics, However, the literature still endows firms and consumers with a perfect understanding of the game they are in. They know all the parameters of the model: the number of _firms in the industry, their costs, the structure of the informational heterogeneity among consumers, etc. Some recent literature developed a more sophisticated approach towards informational frictions in that consumers are unaware of some parameters of the model (for example, _firms' costs) The research we aim to perform In the research project ”Information and consumer search” extends consumer search theory by considerably adapting the informational assumptions made.

Department of Economics
University of Vienna

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