Construct · 1 fields · 1 citations

search costs: a standalone construct

One name. One construct. A landmark on the map.

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Economics

the costs buyers bear to find prices and sellers, which sustain price dispersion.

In economics, search costs refers to the costs buyers bear to find prices and sellers, which sustain price dispersion. This meaning comes from Stigler (1961) in Journal of Political Economy.[1]

Unit
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Nearby constructs

dispersion4 fields · 6 citationsjingle · one word, four constructs search4 fields · 7 citationsjingle · one word, four constructs information4 fields · 5 citationsjingle · one word, four constructs

References

Stigler, G. J. (1961). The Economics of Information. Journal of Political Economy, 69(3), 213-225. https://doi.org/10.1086/258464

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