Download This PaperThe Sequential Search Model: A Framework for Empirical Research
52 Pages Posted: 15 Oct 2022 Last revised: 24 Jul 2024
Date Written: July 24, 2024
Abstract
We provide a detailed overview of the empirical implementation of the sequential search model proposed by Weitzman (1979). We discuss the assumptions underlying the model, the identification of search cost and preference parameters, elasticities and welfare formulas, and different estimation approaches. The goal of this paper is to consolidate knowledge and provide a unified treatment of various aspects of sequential search models that are relevant for empirical work.
Keywords: Sequential Search Model D43
JEL Classification: D43, D83, L13
Suggested Citation: Suggested Citation
Ursu, Raluca and Seiler, Stephan and Honka, Elisabeth, The Sequential Search Model: A Framework for Empirical Research (July 24, 2024). Available at SSRN: https://ssrn.com/abstract=4236738 or http://dx.doi.org/10.2139/ssrn.4236738
Raluca Ursu (Contact Author)
New York University - Stern School of Business ( email )
Tisch Hall
40 W 4 St.
New York, NY NA 10012
United States
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