Showing 91 - 100 of 2,993
This paper extends the search with discrimination framework by introducing jobs that are constrained by equal wage …
Persistent link: https://www.econbiz.de/10010744154
In a random search environment with two racial groups each composed of identical numbers of high and low productivity …
Persistent link: https://www.econbiz.de/10010744155
We endogenize product design in a model of sequential search with random firm-consumer match value à la Wolinsky (Quart … offer more nichy products, this induces more intense search; depending on search costs, this could raise or lower consumers …
Persistent link: https://www.econbiz.de/10010993564
separation taxes. The model is a version of the Lucas and Prescott island model with undirected search. Two equivalent …
Persistent link: https://www.econbiz.de/10011042927
We construct and analyze a tractable search model of money with a non-degenerate distribution of money holdings …. Analytical tractability comes from modeling decentralized exchange as directed search, which makes the monetary steady state …
Persistent link: https://www.econbiz.de/10011042978
We study equilibria of dynamic over-the-counter markets in which agents are distinguished by their preferences and information. Over time, agents are privately informed by bids and offers. Investors differ with respect to information quality, including initial information precision, and also in...
Persistent link: https://www.econbiz.de/10011042991
We study the efficiency of liquidity provision by dealers and the desirability of policy intervention in over-the-counter (OTC) markets during crises. We emphasizes two OTC frictions: finding counterparties takes time, and trade is bilateral and involves bargaining. We model a crisis as a shock...
Persistent link: https://www.econbiz.de/10011042999
direct buyersʼ search and signal quality. A unique equilibrium exists and is separating. When the quality differential is …/or the number of sites created is inefficient, due to a conflict between the search-directing and signaling roles of prices. …
Persistent link: https://www.econbiz.de/10011043038
A leading explanation for price dispersion in posted-price markets is search costs. We incorporate this insight into a … evidence on search costs and price dispersion using data collected from eBay, identifying search costs by exploiting a … discontinuity in the visibility of auctions due to eBay׳s search tool. …
Persistent link: https://www.econbiz.de/10011048626
Firms simultaneously set prices in a homogeneous-product market where uninformed consumers search for price information …. Some uninformed consumers are “local” searchers who visit only one seller, whereas others search sequentially with an … benefits all consumers. A reduction in search cost sometimes leads to higher equilibrium prices. …
Persistent link: https://www.econbiz.de/10011051624