000			01108nam a22001577a 4500
999			_c521204 _d521204
008			221226b ||||| |||| 00| 0 eng d
100			_aByrne, David P. and Roos, Nicolas De _936415
245			_aStart-up search costs
260			_aAmerican Economic Journal: Microeconomics
300			_a14(2), May, 2022: p.81-112
520			_aWorkhorse 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
650			_aStart-up _936416
773			_aAmerican Economic Journal: Microeconomics
906			_aBUSINESS
942			_cAR