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Wiley InterScience | |||||||
  The RAND Journal of EconomicsVolume 37 Issue 2, Pages 257 - 275 Published Online: 28 Jun 2008 © The RAND Coporation
Abstract | References | Full Text: PDF (Size: 345K) | Related Articles | Citation Tracking  Using price distributions to estimate search costs Copyright 2006 RAND ABSTRACTWe show how the equilibrium restrictions implied by standard search models can be used to estimate search-cost distributions using price data alone. We consider both sequential and non-sequential search strategies, and develop estimation methodologies that exploit equilibrium restrictions to recover estimates of search-cost heterogeneity that are theoretically consistent with the search models. We illustrate the method using online prices for several economics and statistics textbooks. | 
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