Optimal pricing, private information and search for an outside offer
研究买方在本地垄断者处购买或搜寻市场报价时的最优定价问题，发现高支付意愿者搜寻更积极，迫使垄断者降价，但垄断价格仍为弱最优。
Abstract A buyer can either buy a good at a local monopolist or search for it in the market. The more intensely the buyer searches, the more likely he will find the good in the market; if his search fails, he can still buy it from the local monopolist. We show that a buyer with a higher willingness to pay searches (weakly) more intensely. This skews the distribution of types buying at the local monopolist toward lower valuations and exerts pressure on the local monopolist to reduce his price. Despite this effect, offering the monopoly price remains weakly optimal in equilibrium.