| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5078186 | International Journal of Industrial Organization | 2012 | 13 Pages |
Abstract
⺠We compare equilibria in search markets with and without referrals. ⺠We show that referrals can arise in horizontally differentiated product markets. ⺠The equilibrium profits tend to be higher in markets with referrals. ⺠Consumers tend to be better off under referrals when search costs are not too low. ⺠Referrals can lead to a Pareto improvement.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Maria Arbatskaya, Hideo Konishi,