CaltechAUTHORS
  A Caltech Library Service

Consumer Behavior and Belated Information: The Case of Uncertain Tastes

Wilde, Louis L. (1983) Consumer Behavior and Belated Information: The Case of Uncertain Tastes. Social Science Working Paper, 478. California Institute of Technology , Pasadena, CA. (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20170922-133655542

[img] PDF (sswp 478 - May 1983) - Submitted Version
See Usage Policy.

590kB

Use this Persistent URL to link to this item: https://resolver.caltech.edu/CaltechAUTHORS:20170922-133655542

Abstract

This paper analyzes optimal search and consumption strategies for consumers with respect to goods for which tastes are unknown prior to actual consumption of the good. The form of an optimal strategy is characterized and certain comparative statics results derived. Of particular interest is the possibility that an increase in search costs might actually increase pre-initial purchase search.


Item Type:Report or Paper (Working Paper)
Additional Information:This research was supported by NSF Grant No. SES81-17708.
Group:Social Science Working Papers
Funders:
Funding AgencyGrant Number
NSFSES-8117708
Series Name:Social Science Working Paper
Issue or Number:478
Record Number:CaltechAUTHORS:20170922-133655542
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20170922-133655542
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:81750
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:25 Sep 2017 22:58
Last Modified:03 Oct 2019 18:46

Repository Staff Only: item control page