Skip to Content

Sponsors

No results

Keywords

No results

Types

No results

Search Results

Events

No results
Search events using: keywords, sponsors, locations or event type
When / Where
All occurrences of this event have passed.
This listing is displayed for historical purposes.

Presented By: Department of Economics

An Empirical Model of Consideration through Search (joint with Jose Luis Moraga-González and Zsolt Sándor)

Matthijs Wildenbeest, University of Arizona

Matthijs Wildenbeest Matthijs Wildenbeest
Matthijs Wildenbeest
We propose a tractable method for the estimation of a consideration set model in which consideration sets are endogenously determined through search. We show that the widely- used alternative-specific consideration model is a special case in which consumers put zero weight on expected utility when making their search decisions. To deal with the dimensionality problem that may arise from a large number of consideration sets, we propose a novel, accurate, and computationally fast Monte Carlo estimator for the choice probabilities. We use several existing datasets to identify the extent to which search played a role when buyers formed their consideration sets.

Explore Similar Events

  •  Loading Similar Events...

Back to Main Content