In particular, suppose a consumer has previously searched a number of non-local firms and that her highest discovered non-local offer, (ε − p ⁎ ), exceeds both her outside option and her original local offer, max { 0, ε i − p i }.
Intuitively, the existence of switching costs implies that the decision of whether to further search will now depend upon whether the highest discovered offer originates from a local or a non-local firm.
And when they're high, we discovered, they make the adjustment costs of self-disruption high, at least in the short term.
I have also always enjoyed Japanese Manga, and in high school discovered the translated "Appleseed" series by Masamune Shirow.
There Paula went to high school, discovered poetry, was briefly happy - but was asked to leave because of her father's drunkenness.
In 2006, when oil prices were high, prospectors discovered the Parshall Oil Field, triggering a period of furious drilling across the state.
Johns Hopkins, he said, was where he escaped the crushing boredom of Medford High and discovered an urban campus of stately Georgian buildings brimming with new people and ideas.
As she rose higher, she discovered her true love wasn't trading, but rather training others to lead.
They are the highest clouds discovered over the surface of a planet.
But the frequency is close to the highest ones discovered up to now in Arabidopsis and soybean [ 24, 25].
