Search cost

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Revision as of 02:05, 28 January 2009 by Vipul (talk | contribs) (New page: {{transaction cost}} ==Definition== A '''search cost''' is a cost incurred by a buyer or a seller to find the right seller or buyer for a good.)
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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.

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