Search good

Search good

In economics, a search good is a product or service with features and characteristics easily evaluated before purchase. In a distinction originally due to Philip Nelson, a search good is contrasted with an experience good.

Search goods are more subject to price competition, as consumers can easily verify the price of the product at other outlets and make sure that the products are comparable. Branding and detailed product specifications act to transform a product from an experience good into a search good.

References

*Luis M. B. Cabral: Introduction to Industrial Organisation, Massachusetts Institute of Technology Press, 2000, page 223. ISBN 0-262-03286-4
*Philip Nelson, "Information and Consumer Behavior", 78 "Journal of Political Economy" 311, 312 (1970).


Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Good Shepherd (song) — Good Shepherd is a traditional song, most known as recorded by Jefferson Airplane on their 1969 album Volunteers. It was arranged and sung by the group s guitarist Jorma Kaukonen, who described their interpretation of it as psychedelic folk rock …   Wikipedia

  • Good (economics) — Types of goods in economics. In economics, a good is something that is intended to satisfy some wants or needs of a consumer and thus has economic utility. It is normally used in the plural form goods to denote tangible commodities such as… …   Wikipedia

  • Good Samaritan law — Good Samaritan laws (acts) in the United States and Canada are laws/acts protecting from blame those who choose to aid others who are injured or ill. They are intended to reduce bystanders hesitation to assist, for fear of being sued or… …   Wikipedia

  • Good Evening New York City — Концертный альбом Пол Маккартни Дата выпуска 17 ноября 2009 Записан 17 21 июля 2009 в Citi Field (Нью Йорк) Жанры …   Википедия

  • Search for the Truth (video) — Search for the Truth (also known by the name Jesus Christ/Joseph Smith in its DVD form) is an anti Mormon video produced by Tri Grace Ministries. The video begins with the claim that Jesus Christ and Joseph Smith Jr. were “two of the worlds most… …   Wikipedia

  • Good Hands Records — is an independent Hip hop record label founded in 2002 in Philadelphia, Pennsylvania by DJ Truth (b. Charley Greenberg) and Art Beeswax (b. Lawrence Maley). In 2006, Good Hands secured a distribution deal with Traffic Entertainment Group and… …   Wikipedia

  • Search and seizure — is a legal procedure used in many civil law and common law legal systems whereby police or other authorities and their agents, who suspect that a crime has been committed, do a search of a person s property and confiscate any relevant evidence to …   Wikipedia

  • Search engine submission — is how a webmaster submits a web site directly to a search engine. While Search Engine Submission is often seen as a way to promote a web site, it generally is not necessary. Because the major search engines like Google, Yahoo, and MSN use… …   Wikipedia

  • search — consists of looking for or seeking out that which is otherwise concealed from view. People v. Carlson, Colo., 677 P.2d 310, 316. An examination of a person s house or other buildings or premises, or of his person, or of his vehicle, aircraft, etc …   Black's law dictionary

  • Search engine image protection — (SEIP), also known as search engine reputation management, combines the expertise of Search Engine Marketing (SEM) and PR, and is designed to protect a company or brand against incorrect negative publicity via the Internet. By using SEIP… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”