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Roberto Bonilla and Francis Kiraly
''Constrained Fixed Sample Search''
( 2020, Vol. 40 No.2 )
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.
Keywords: fixed sample search, constrained search.
JEL: D8 - Information, Knowledge, and Uncertainty: General
C6 - Mathematical Methods and Programming: General
Manuscript Received : Jun 19 2019 Manuscript Accepted : Jun 07 2020

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