01108nam a22001577a 4500 521204 521204 221226b ||||| |||| 00| 0 eng d Byrne, David P. and Roos, Nicolas De 36415 Start-up search costs American Economic Journal: Microeconomics 14(2), May, 2022: p.81-112 Workhorse economic models used for studying the market impacts of search frictions assume constant search costs: individuals pay the same cost to obtain price information each time they search. This paper provides evidence on a new form of search costs: start-up costs. Exploiting a natural experiment in retail gasoline, we document how a temporary, large exogenous shock to consumers' search incentives leads to a substantial, permanent increase in price search. A standard search model fails to explain such history dependence in search, while it follows directly from a model with a one-time up-front cost to start searching. – Reproduced Start-up 36416 American Economic Journal: Microeconomics BUSINESS AR 0 0 ddc 0 0 395256 IIPA IIPA 2022-12-26 14(2), May, 2022: p.81-112 AR127752 2022-12-26 AR