In many markets consumers have imperfect information about the utility they derive from the
products that are on offer and need to visit stores to find the product that is the most …

This article develops a discrete choice model of demand with optimal sequential consumer
search. Consumers first choose a product to search; then, once they learn the utility they get …

This paper studies the role of consumer information frictions in driving firms' location choices
within cities. I develop a quantitative equilibrium model in which imperfectly informed …

Most automobile manufacturers use franchised dealers to distribute their products and to
perform sales‐related and after‐sales services. However, the link between dealers' service …