OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
In the meantime, the OxTalks site will remain active and events will continue to be published.
If staff have any questions about the Oxford Events launch, please contact halo@digital.ox.ac.uk
Consumers are usually interested in buying a product repeatedly over time, but need to search for information on firms’ prices and product features. We characterize the optimal search rule in this environment, showing that under certain conditions consumers `stagger’ their search across periods i.e. they buy several different products early on before settling on one which they then buy repeatedly. We also solve for equilibrium prices, examine how they change as the market matures, and compare them to the usual one-shot search problem. Finally we investigate how the market evolves when firms may offer discounts to past consumers.