decrease as the level of earnings rises. The framework is a search equilibrium model where wages are determined by Nash … bargaining between firms and workers, job search intensity is endogenous and workers are heterogeneous. The analysis suggests …

population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able …

We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment …

experiment using prepared, restaurant-style meals—a good that is transparent in immediate pleasure (taste) but non-transparent in …

This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading … opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no … restriction on agent heterogeneity. In this context, a non-trivial, full trade search equilibrium is shown to exist, equilibria …

private information. Agents engage in costly search and meet randomly. The terms of trade are determined through a Bayesian … mechanism proposal game. The paper considers a market in steady state. As discounting and the fixed cost of search become small …