Transaction, Search and Switching Costs: An Expository Essay

Singh, Nirvikar (2010): Transaction, Search and Switching Costs: An Expository Essay.

Abstract

This essay provides an elementary, unified introduction to the impacts of transaction, search and switching costs on resource allocation in competitive markets. The emphasis is on incorporating these phenomena into models of price-taking behavior, rather than the more usual treatments with imperfect competition.

• Item Type: MPRA Paper
• Language: English
• Keywords: transaction costs; search costs; switching costs; competitive markets; price-taking
• Subjects: D - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: Theory; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D83 - Search ; Learning ; Information and Knowledge ; Communication ; Belief ; Unawareness

References

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Singh, Nirvikar, 2010a, “Uncertainty and Information: An Expository Essay,” University of California, Santa Cruz, Department of Economics.

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