Information Costs, Duration of Search, and Turnover: Theory and Applications
用多属性搜索模型分析产品市场，探讨搜索持续时间和更替的理论基础，并推导出关于质量属性（搜索品或经验品）与搜索成本、价格等关系的实证预测。
This paper uses a formal model of search over multiattribute alternatives, analyzed in a product market setting, to investigate the theoretical foundations of the empirical literature on duration of search and turnover in product markets, labor markets, and marriage markets. A number of specific empirical predictions are also derived. In particular, whether "quality" is a "search" attribute or an "experience" attribute is related to the cost of search, the cost of inspection, the price of the good, and certain properties of the market distribution of price and quality.