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Strategic Limitation of Market Accessibility: Search Platform Design and Welfare

Teh, Christopher; Wang, Chengsi; Watanabe, Makoto - 2023

This paper explores the relationship between market accessibility and various participants' welfare in an intermediated directed-search market. For a general class of meeting technologies, we provide a necessary and sufficient condition under which efficiency requires imperfect accessibility,...

Persistent link: https://www.econbiz.de/10014377481

Multiple Applications, Competing Mechanisms, and Market Power

Albrecht, James; Cai, Xiaoming; Gautier, Pieter A.; … - 2019

We consider a labor market with search frictions in which workers make multiple applications and firms can post and commit to general mechanisms that may be conditioned both on the number of applications received and on the number of offers received by its candidate. When the contract space...

Persistent link: https://www.econbiz.de/10012141006

The Short and the Long of It: Stock-Flow Matching in the US Housing Market

Smith, Eric; Xie, Zoe; Fang, Lei - 2022

This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …

Persistent link: https://www.econbiz.de/10013470294

Affecting Public Support for Economic Policies: Evidence from a Survey Experiment about Rent Control in Germany

Dolls, Mathias; Schüle, Paul; Windsteiger, Lisa - 2023

We conduct a survey experiment among 18,000 respondents in Germany to examine the determinants of support for rent control policies. Highlighting undesirable price and supply effects lowers respondents' agreement with rent control, while pointing out that it can prevent displacement of...

Persistent link: https://www.econbiz.de/10014377467

Limited Attention in the Housing Market: Threshold Effects of Energy-Performance Certificates on Property Prices and Energy-Efficiency Investments

Sejas-Portillo, Rodolfo; Comerford, David; Moro, Mirko; … - 2020

We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing …

Persistent link: https://www.econbiz.de/10012425575

Competing with Asking Prices

Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald P. - 2016

In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...

Persistent link: https://www.econbiz.de/10011522445

Understanding Spatial House Price Dynamics in a Housing Boom

Kaas, Leo; Kocharkov, Georgi; Syrichas, Nicolas - 2024

We examine the evolution of spatial house price dispersion during Germany’s recent housing boom. Using a dataset of … housing market to understand the driving forces of rising spatial price dispersion, highlighting the role of housing supply …, housing demand and frictions in the matching process between buyers and sellers. While both shifts in housing supply and …

Persistent link: https://www.econbiz.de/10015097008

Affecting Public Support for Economic Policies : Evidence from a Survey Experiment About Rent Control in Germany

Dolls, Mathias; Schüle, Paul Valentin; Windsteiger, Lisa - 2023

We conduct a survey experiment among 18,000 respondents in Germany to examine the determinants of support for rent control policies. Highlighting undesirable price and supply effects lowers respondents’ agreement with rent control, while pointing out that it can prevent displacement of...

Persistent link: https://www.econbiz.de/10014354010

Limited Attention in the Housing Market : Threshold Effects of Energy-Performance Certificates on Property Prices and Energy-Efficiency Investments

Sejas-Portillo, Rodolfo; Comerford, David; Moro, Mirko; … - 2021

We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing …

Persistent link: https://www.econbiz.de/10013315011

Firm Dynamics and Residual Inequality in Open Economies

Felbermayr, Gabriel J.; Impullitti, Giammario; Prat, Julien - 2014

Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....

Persistent link: https://www.econbiz.de/10010333392