Search Theory and Price Dispersion - Lecture 9

Explore the fundamentals of search theory in this lecture from MIT's Industrial Organization I course. Delve into key concepts such as search costs and price dispersion as instructor Glenn Ellison provides a comprehensive overview of this crucial economic topic. Gain valuable insights into how search processes impact market dynamics and consumer behavior. Part of a broader series on industrial organization, this lecture offers a deep dive into the theoretical underpinnings of search economics.