Before revision:  Remarkably, it is always beneficial to the searcher to have a slight search cost: a small search cost leads to the Perfect Competition level of information provision , but frictionless search leads to less informationrevelation in equilibrium.
After revision:  Remarkably, it is always beneficial to the searcher to have a slight search cost: a small search cost leads to the perfect competition level of information provision , but frictionless search leads to less informationrevelation in equilibrium.