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About Me

I’m a fifth year Ph.D. student in economics at UNC-Chapel Hill.  My research interests primarily fall within the fields of empirical industrial organization and health economics.  More specifically, my research focuses on informational differences between inexperienced and experienced consumers within a market.  My job market paper investigates whether consumers learn about characteristics of the textbook market (e.g., price distributions, availability of retailers and product substitutes) as they repeatedly participate within this market and the resulting welfare implications that these informational asymmetries generate.

While there has been a considerable amount of work done to explore consumer learning over specific product characteristics (e.g., anti-ulcer medication, yogurt), little work has been done to understand how consumers learn about characteristics of a market.  My broad research agenda is to examine how consumers learn about these market characteristics.  This includes research into consumers’ beliefs about price distributions, how these beliefs are affected by experience within a market, how consumer’s search within a market, and how learning takes place both within and across search decisions.

 

Contact Info

Address: 403 Gardner Hall, UNC

Phone: 803-427-2767

Email Address: fspence@email.unc.edu