resides in between the random matching and the directed search outcomes. The equilibrium that emerges from this middle ground …We present a theory of targeted search, where people with a finite information processing capacity search for a match … is inefficient relative to the constrained Pareto allocation. Our theory encompasses the outcomes of the random matching …

data from a growing online platform that matches travelers and hosts to study matching and transaction costs on online … platforms. I show that the matching probability for guests has increased by 18% over a span of two years on the platform. I then … show that the increase in efficiency holds even when controlling for the search intensity of guests, the change in the …

This article develops a search-theoretic model of financial intermediation to study the efficiency condition of the … banking sector. Competitive financial intermediation is determined by the search decisions of both households (to find … by banks or are bargained under a specific Hosios (1990) condition, which addresses the hold-up problem induced by search …

resides in between the random matching and the directed search outcomes. The equilibrium that emerges from this middle ground …We present a theory of targeted search, where people with a finite information processing capacity search for a match … is inefficient relative to the constrained Pareto allocation. Our theory encompasses the outcomes of the random matching …

surplus in the absence of interagent transfers. Most of the work in the large bargaining-and matching literature ignores this …

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. …

This paper shows that all perfect Bayesian equilibria of a decentralized dynamic matching market with two …. Agents engage in costly search and meet randomly. The terms of trade are determined through bilateral bargaining between … costs of search become small, all equilibria of the market game converge to perfectly competitive equilibria. …

vacancies are presented under the assumptions of the standard market model, the search and matching theory and behavioral …There are different causes for vacancies in the housing market. The scientific literature provides a series of … economics. Concerning the latter, a new theoretical framework is used in order to explain vacancies in the housing market in the …

Housing markets clear, in part, through the time that buyers and sellers spend on the market. We show that demand … the elasticity of the matching function. …