Equilibrium distributions of normalized margins are invariant to demand and costs, enabling closed-form pass-through formulas at each quantile of the price distribution.
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3 Pith papers cite this work, alongside 379 external citations. Polarity classification is still indexing.
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ChatGPT retains 94.8% of information-seeking occasions without outbound referrals and wider access displaces 9.4% of traditional search queries, with losses concentrated on informational and ad-supported destinations.
Higher-quality firms offer larger inspection subsidies in equilibrium, producing a unique forward-induction outcome where low-quality firms are never inspected, intermediate firms separate, and high-quality firms pool at full subsidy.
citing papers explorer
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Pass-through with Price Dispersion
Equilibrium distributions of normalized margins are invariant to demand and costs, enabling closed-form pass-through formulas at each quantile of the price distribution.
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Answering Without Referring: How AI Search Rewrites the Web's Economic Bargain
ChatGPT retains 94.8% of information-seeking occasions without outbound referrals and wider access displaces 9.4% of traditional search queries, with losses concentrated on informational and ad-supported destinations.
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Subsidizing Sequential Search
Higher-quality firms offer larger inspection subsidies in equilibrium, producing a unique forward-induction outcome where low-quality firms are never inspected, intermediate firms separate, and high-quality firms pool at full subsidy.