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390023 SE PhD-VGSE: Consumer Search (2016W)
Prüfungsimmanente Lehrveranstaltung
Labels
An/Abmeldung
Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").
- Anmeldung von Mo 12.09.2016 09:00 bis Do 22.09.2016 14:00
- Abmeldung bis Fr 14.10.2016 14:00
Details
max. 24 Teilnehmer*innen
Sprache: Englisch
Lehrende
Termine
Tuesday, 13.15 - 16.30 h, Seminarroom VGSE
Blocked course:
Tuesday, October 4, 2016
Tuesday, October 18, 2016
Tuesday, November 8, 2016
Tuesday, November 15, 2016
Tuesday, November 29, 2016
Tuesday, December 13, 2016
Mid-Term: Tuesday, December 20, 2016 or Tuesday, January 10, 2017
Tuesday, January 24, 2017
Information
Ziele, Inhalte und Methode der Lehrveranstaltung
The class will meet roughly every other week for one afternoon (Tuesdays from 13.15 - 16.30). On the basis of recent research articles, different topics will be introduced by the lecturer, but the idea is that all participants have read the key articles and that questions and interesting further topics for research are discussed. In addition, participants have to give two short presentations. The first one should cover the research topic, why it is interesting, how it relates to the search literature and what is meant to be added to that literature without having the results yet). The second presentation should present the results and be based on a written article.Outside the lectures, participants and lecturer should also discuss ongoing research with each other.
Art der Leistungskontrolle und erlaubte Hilfsmittel
Grading will be as follows. There will be one midterm exam, two presentations, and a final research paper. The midterm accounts for 40%, each of the presentations and the final paper for 15%, while the remaining 15% is for in class participation. The purpose if to have a very interactive class where we get to know the relevant literature well, and where we develop new research ideas.
Mindestanforderungen und Beurteilungsmaßstab
Prüfungsstoff
Literatur
1. Classics in Consumer Search
G. Stigler. The Economics of Information. Journal of Political Economy, 1961, pp. 213-225.
D.O. Stahl. Oligopolistic pricing with sequential consumer search. American Economic Review, 79:700-712, 1989.
A. Wolinsky. True monopolistic competition as a result of imperfect information. The Quarterly Journal of Economics, 101(3):493{511, 1986.Other papers:
S. Anderson and R. Renault. Pricing, product diversity, and search costs: a Bertrand-Chamberlin-Diamond model, RAND Journal of Economics 30 (4), 1999, pp. 719-735.
M.C.W Janssen and S. Shelegia. Beliefs and consumer search. Technical report, University of Vienna, Department of Economics, 2015b.2. Learning and Consumer Search
Basic papers:
M. Rothschild. Searching for the lowest price when the distribution of prices is unknown. Journal of Political Economy, 82:689-711, 1974.
J.D. Dana. Learning in the equilibrium search model. International Economic Review, 35: 745- 771, 1994.
M.C.W. Janssen and A. Parakhonyak. Non-reservation Price Equilibria and Consumer search. Vienna, mimeo.Other papers:
R. Benabou and R. Gertner. Search with learning form prices: Does increased inflationary uncertainty lead to higher prices. The Review of Economic Studies, 60: 69-93, 1993.
Fishman, Arthur. 1996. "Search with Learning and Price Adjustment Dynamics." Quarterly Journal of Economics 111 (1): 253-68.
M.C.W. Janssen, P. Pichler, and S. Weidenholzer. Oligopolistic markets with sequential search and production cost uncertainty. The RAND Journal of Economics, 42:444-470, 2011.
M. Tappata. Rockets and feathers: Understanding asymmetric pricing. The RAND Journal of Economics, 40:673-687, 2009.3. Strategic and non-strategic search frictions
Basic papers:
Armstrong, M. and J. Zhou, "Search Deterrence", Review of Economic Studies, 2016, 83(1), 26-57.
Janssen, M.C.W. and A. Parakhonyak. Consumer search markets with costly revisits. Economic Theory, 55:481-514, 2014.Other papers:
Ellison, G., and A. Wolitzky (2012): .A Search Cost Model of Obfuscation,.Rand
Journal of Economics, 43(3), 417.441.
Wilson, CM (2010) Ordered Search and Equilibrium Obfuscation, International Journal of Industrial Organization, 28(5), pp.496-506,4. Multi-product Search and vertical relations
Basic papers:
Rhodes, Andrew. 2014. "Multiproduct retailing." The Review of Economic Studies,
Zhou, Jidong. 2014. "Multiproduct search and the joint search effect." The American Economic Review, 104(9): 2918-2939.
Janssen, M.C.W., Daniel Garcia and Jun Hunda "The Double Diamond Paradox", American Economic Journal: Microeconomics (forthcoming),.
Janssen, M.C.W. and S. Shelegia "Consumer Search and Double Marginalization", American Economic Review 2015 (105, 6): 1683-1710.Other papers:
S. Shelegia Multiproduct Pricing in Oligopoly", International Journal of Industrial Organization, 30(2), 2012, 231-242.5. Prominence and ordered search, product design and long tail
Basic papers:
H Bar-Isaac, G Caruana, V Cuñat Martinez, Search, design and market structure, American Economic Review 102 (2), 1140-1160.
Armstrong, M., J. Vickers and J. Zhou,. "Prominence and Consumer Search", RAND Journal of Economics, 2009, 40(2), 209-233.Other papers:
Athey, S. and G. Ellison, Position Auctions with Consumer Search, Quarterly Journal of Economics, 2011, pp. 1213-1270.
Chen, Yongmin and Chuan He. "Paid-Placement: Advertising and Search on the Internet",
Economic Journal, Vol. 121, F309-F328, 2011.;
Haan, M. and J.L. Moraga-Gonzalez, Advertising for attention in a consumer search model, Economic Journal 121, pp. 552-579, 2011
G. Stigler. The Economics of Information. Journal of Political Economy, 1961, pp. 213-225.
D.O. Stahl. Oligopolistic pricing with sequential consumer search. American Economic Review, 79:700-712, 1989.
A. Wolinsky. True monopolistic competition as a result of imperfect information. The Quarterly Journal of Economics, 101(3):493{511, 1986.Other papers:
S. Anderson and R. Renault. Pricing, product diversity, and search costs: a Bertrand-Chamberlin-Diamond model, RAND Journal of Economics 30 (4), 1999, pp. 719-735.
M.C.W Janssen and S. Shelegia. Beliefs and consumer search. Technical report, University of Vienna, Department of Economics, 2015b.2. Learning and Consumer Search
Basic papers:
M. Rothschild. Searching for the lowest price when the distribution of prices is unknown. Journal of Political Economy, 82:689-711, 1974.
J.D. Dana. Learning in the equilibrium search model. International Economic Review, 35: 745- 771, 1994.
M.C.W. Janssen and A. Parakhonyak. Non-reservation Price Equilibria and Consumer search. Vienna, mimeo.Other papers:
R. Benabou and R. Gertner. Search with learning form prices: Does increased inflationary uncertainty lead to higher prices. The Review of Economic Studies, 60: 69-93, 1993.
Fishman, Arthur. 1996. "Search with Learning and Price Adjustment Dynamics." Quarterly Journal of Economics 111 (1): 253-68.
M.C.W. Janssen, P. Pichler, and S. Weidenholzer. Oligopolistic markets with sequential search and production cost uncertainty. The RAND Journal of Economics, 42:444-470, 2011.
M. Tappata. Rockets and feathers: Understanding asymmetric pricing. The RAND Journal of Economics, 40:673-687, 2009.3. Strategic and non-strategic search frictions
Basic papers:
Armstrong, M. and J. Zhou, "Search Deterrence", Review of Economic Studies, 2016, 83(1), 26-57.
Janssen, M.C.W. and A. Parakhonyak. Consumer search markets with costly revisits. Economic Theory, 55:481-514, 2014.Other papers:
Ellison, G., and A. Wolitzky (2012): .A Search Cost Model of Obfuscation,.Rand
Journal of Economics, 43(3), 417.441.
Wilson, CM (2010) Ordered Search and Equilibrium Obfuscation, International Journal of Industrial Organization, 28(5), pp.496-506,4. Multi-product Search and vertical relations
Basic papers:
Rhodes, Andrew. 2014. "Multiproduct retailing." The Review of Economic Studies,
Zhou, Jidong. 2014. "Multiproduct search and the joint search effect." The American Economic Review, 104(9): 2918-2939.
Janssen, M.C.W., Daniel Garcia and Jun Hunda "The Double Diamond Paradox", American Economic Journal: Microeconomics (forthcoming),.
Janssen, M.C.W. and S. Shelegia "Consumer Search and Double Marginalization", American Economic Review 2015 (105, 6): 1683-1710.Other papers:
S. Shelegia Multiproduct Pricing in Oligopoly", International Journal of Industrial Organization, 30(2), 2012, 231-242.5. Prominence and ordered search, product design and long tail
Basic papers:
H Bar-Isaac, G Caruana, V Cuñat Martinez, Search, design and market structure, American Economic Review 102 (2), 1140-1160.
Armstrong, M., J. Vickers and J. Zhou,. "Prominence and Consumer Search", RAND Journal of Economics, 2009, 40(2), 209-233.Other papers:
Athey, S. and G. Ellison, Position Auctions with Consumer Search, Quarterly Journal of Economics, 2011, pp. 1213-1270.
Chen, Yongmin and Chuan He. "Paid-Placement: Advertising and Search on the Internet",
Economic Journal, Vol. 121, F309-F328, 2011.;
Haan, M. and J.L. Moraga-Gonzalez, Advertising for attention in a consumer search model, Economic Journal 121, pp. 552-579, 2011
Zuordnung im Vorlesungsverzeichnis
Letzte Änderung: Mo 07.09.2020 15:46