Search costs

Search costs

Costs associated with locating a counterparty to a trade, including explicit costs (such as advertising) and implicit costs (such as the value of time). Related: Information costs.
References in periodicals archive ?
In trademark terms, this means a social benefit in terms of more and better information to reduce search costs and increase competition.
2) The reason is that as the government increases the strength of its attacks on tax planning, individuals will incur additional search costs (dissipation costs) as the easy and obvious shelters become illegal.
The reduction in consumer search costs was supposed to equalize prices and squeeze out profits.
Police search co-ordinator Graeme Farquharson, who spoke to him on his mobile phone, said it was unlikely Mr Lake would have to pay the search costs because it would deter people from phoning the police if they were in trouble.
Transmitting a hoax call is a felony punishable by up to 10 years in prison, a $250,000 fine, a civil penalty of up to $5,000 and possible restitution for search costs.
It also allows them to streamline their application processes, saving time and reducing search costs.
Accounting for the search costs and the quantity demanded, the net utility gain for [theta] units after s searches is
Additionally, this demonstration reinforces the concepts of opportunity cost, property rights, total revenue, consumer surplus, and search costs.
For lowering enterprise search costs, increasing search results quality, and reducing intranet and public web site search management, the Google Search Appliance is like nothing else.
The FDA suggests that federal regulations are necessary to provide a common standard for manufacturing practices, reduce adverse outcomes resulting from adulterated supplements, lower search costs because of imperfect information about the quality of manufacturing practices, and lower variance in product quality.
People moving from a pounds 150,000 home to a pounds 200,000 one in England and Wales now spend an average of pounds 5,523 on estate agents and solicitors fees, stamp duty and search costs, compared with around pounds 7,378 in 1993.
Dahlby and West (1986) also find the existence of price dispersion in the automobile insurance market in Alberta and explain it as a result of positive search costs and production cost differences.