Search cost: Difference between revisions
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A '''search cost''' is a cost incurred by a buyer or a seller to find the right seller or buyer for a good. | A '''search cost''' is a cost incurred by a buyer or a seller to find the right seller or buyer for a good. | ||
Latest revision as of 11:42, 24 June 2009
This article defines a particular kind of transaction cost, i.e., an additional cost necessary for a particular market to function, or for certain market transactions to occur.
See other types of transaction costs
Definition
A search cost is a cost incurred by a buyer or a seller to find the right seller or buyer for a good.