A Model of Multipass Search: Price Search Across Stores and Time

References

• Andreyeva T , Long MW , Brownell KD (2010) The impact of food prices on consumption: A systematic review of research on the price elasticity of demand for food. Amer. J. Public Health 100(2):216–222.Crossref, Google Scholar
• Arcidiacono P , Jones JB (2003) Finite mixture distributions, sequential likelihood and the em algorithm. Econometrica 71(3):933–946.Crossref, Google Scholar
• Baily T (2019) Making Milk Cool Again Technical report, ReboResearch, St. Louis, MO.Google Scholar
• Bell DR , Ho TH , Tang CS (1998) Determining where to shop: fixed and variable costs of shopping. J. Marketing Res. 35(3):352–369.Crossref, Google Scholar
• Besanko D , Winston WL (1990) Optimal price skimming by a monopolist facing rational consumers. Management Sci. 36(5):555–567.Link, Google Scholar
• Briesch RA , Chintagunta PK , Fox EJ (2009) How does assortment affect grocery store choice? J. Marketing Res. 46(2):176–189.Crossref, Google Scholar
• Ching A , Erdem T , Keane M (2009) The price consideration model of brand choice. J. Appl. Econometrics 24(3):393–420.Crossref, Google Scholar
• Chung DJ , Steenburgh T , Sudhir K (2013) Do bonuses enhance sales productivity? A dynamic structural analysis of bonus-based compensation plans. Marketing Sci. 33(2):165–187.Link, Google Scholar
• Conlisk J , Gerstner E , Sobel J (1984) Cyclic pricing by a durable goods monopolist. Quart. J. Econom. 99(3):489–505.Crossref, Google Scholar
• De los Santos B , Hortaçsu A , Wildenbeest MR (2012) Testing models of consumer search using data on web browsing and purchasing behavior. Amer. Econom. Rev. 102(6):2955–2980.Crossref, Google Scholar
• Erdem T , Imai S , Keane MP (2003) Brand and quantity choice dynamics under price uncertainty. Quant. Marketing Econom. 1(1):5–64.Crossref, Google Scholar
• Everitt BS , Hand DJ (1981) Finite Mixture Distributions. Monographs on Applied Probability and Statistics (Chapman and Hall, New York).Crossref, Google Scholar
• Fox EJ , Hoch SJ (2004) Cherry-picking. J. Marketing 77(S2):S25–S60.Google Scholar
• Fox EJ , Montgomery AL , Lodish LM (2005) Consumer shopping and spending across retail formats. J. Bus. 69(1):46–62.Google Scholar
• Frederick S , Loewenstein G , O’Donoghue T (2002) Time discounting and time preference: A critical review. J. Econom. Literature 40(2):351–401.Crossref, Google Scholar
• Gauri DK , Sudhir K , Talukdar D (2008) The temporal and spatial dimensions of price search: Insights from matching household survey and purchase data. J. Marketing Res. 45(2):226–240.Crossref, Google Scholar
• Green GM , Park JL (1998) Retail demand for whole vs. low-fat milk: New perspectives on loss leader pricing. Proc. Amer. Agricultural Econom. Assoc. Annual Meeting (American Agricultural Economic Association, Salt Lake City, UT), 1–17.Google Scholar
• Hartmann WR , Nair HS (2010) Retail competition and the dynamics of demand for tied goods. Marketing Sci. 29(2):366–386.Link, Google Scholar
• Hendel I , Nevo A (2006) Measuring the implications of sales and consumer inventory behavior. Econometrica 74(6):1637–1673.Crossref, Google Scholar
• Hong H , Shum M (2006) Using price distributions to estimate search costs. RAND J. Econom. 37(2):257–275.Crossref, Google Scholar
• Honka E (2014) Quantifying search and switching costs in the U.S. auto insurance industry. RAND J. Econom. 45(4):847–884.Crossref, Google Scholar
• Honka E , Chintagunta P (2017) Simultaneous or sequential? search strategies in the U.S. auto insurance industry. Marketing Sci. 36(1):21–42.Link, Google Scholar
• Johnson JP (2017) Unplanned purchases and retail competition. Amer. Econom. Rev. 107(3):931–965.Crossref, Google Scholar
• Khan R , Misra K , Singh V (2015) Will a fat tax work? Marketing Sci. 35(1):10–26.Link, Google Scholar
• Kim JB , Albuquerque P , Bronnenberg BJ (2010) Online demand under limited consumer search. Marketing Sci. 29(6):1001–1023.Link, Google Scholar
• Koulayev S (2009) Estimating demand in search markets: The case of online hotel bookings. Preprint, submitted December 18, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1523926.Google Scholar
• Leszczyc PTP , Sinha A , Timmermans HJ (2000) Consumer store choice dynamics: an analysis of the competitive market structure for grocery stores. J. Retailing 76(3):323–345.Crossref, Google Scholar
• McCall JJ (1970) Economics of information and job search. Quart. J. Econom . 84(1):113–126.Crossref, Google Scholar
• Mehta N , Rajiv S , Srinivasan K (2003) Price uncertainty and consumer search: A structural model of consideration set formation. Marketing Sci. 22(1):58–84.Link, Google Scholar
• Mortensen DT (1970) Job search, the duration of unemployment, and the Phillips curve. Amer. Econom. Rev. 60(5):847–862.Google Scholar
• Neslin SA , Henderson C , Quelch J (1985) Consumer promotions and the acceleration of product purchases. Marketing Sci. 4(2):147–165.Link, Google Scholar
• Roberts JH , Lattin JM (1991) Development and testing of a model of consideration set composition. J. Marketing Res. 28(4):429–440.Crossref, Google Scholar
• Rust J (1987) Optimal replacement of GMC bus engines: An empirical model of Harold Zurcher. Econometrica 55(5):999–1033.Crossref, Google Scholar
• Salop S , Stiglitz JE (1982) The theory of sales: A simple model of equilibrium price dispersion with identical agents. Amer. Econom. Rev. 72(5):1121–1130.Google Scholar
• Seiler S (2013) The impact of search costs on consumer behavior: A dynamic approach. Quant. Marketing Econom. 11(2):155–203.Crossref, Google Scholar
• Stigler GJ (1961) The economics of information. J. Political Econom. 69(3):213–225.Crossref, Google Scholar
• Su CL , Judd KL (2012) Constrained optimization approaches to estimation of structural models. Econometrica 80(5):2213–2230.Crossref, Google Scholar
• Ursu RM (2018) The power of rankings: Quantifying the effect of rankings on online consumer search and purchase decisions. Marketing Sci. 37(4):530–552.Link, Google Scholar
• Weitzman ML (1979) Optimal search for the best alternative. Econometrica 47(3):641–654.Crossref, Google Scholar
• Yao S , Mela CF , Chiang J , Chen Y (2012) Determining consumers’ discount rates with field studies. J. Marketing Res. 49(6):822–841.Crossref, Google Scholar