I propose a model of the housing market using a search framework with asymmetric information in which sellers are … contribute to housing market illiquidity. Real estate agents that can facilitate the search process can segment the market and … matching process, incentive compatible listing contracts are implementable as long as housing is not already sufficiently …

The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise … in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic …

I propose a model of the housing market using a search framework with asymmetric information in which sellers are … advantage in the matching process, incentive compatible listing contracts are implementable as long as housing is not already … posting as a signalling device to direct buyers' search. Adverse selection and inefficient entry on the demand side then …

The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise … in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic …

We investigate a canonical search-theoretic model without entry. Two agents are randomly matched with a long side being …

We prove existence of steady-state equilibrium in a class of matching modelswith search frictions. …

make investments before matching in a competitive market. We introduce the notion of premuneration values—the values to the …

in the presence of search frictions and when utility is non-transferable. We depart from standard matching models where … have the same matching pattern, implying that the value of search to each agent is the same. Although perfect assortative … matching cannot be obtained in equilibrium, the degree of assortativeness is nevertheless greater than in standard models. …

make investments before matching in a competitive market. We introduce the notion of premuneration values---the values to …