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| Roberto Bonilla and Francis Kiraly |
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| ''Constrained Fixed Sample Search'' |
| ( 2020, Vol. 40 No.2 ) |
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| We consider a version of the Stigler model of fixed sample price search, where consumer utility depends on whether or not at least one sampled price fulfils a pre-set target. We establish that search intensity is a non-monotonic function of this target. We also point out a hitherto unexamined disadvantage of fixed sample search compared to sequential search. |
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| Keywords: fixed sample search, constrained search. |
JEL: D8 - Information, Knowledge, and Uncertainty: General
C6 - Mathematical Methods and Programming: General |
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| Manuscript Received : Jun 19 2019 | | Manuscript Accepted : Jun 07 2020 |
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