When agents do not know where to find a match, they search. However, agents could direct their search to agents who … strategically choose a certain signal. Introducing cheap talk to a model of sequential search with bargaining, we find that signals …-crossing property and sorting condition coincide. As the information from signals allows agents to avoid all unnecessary search, this …

recommendations and price offers only after consumers have approached them, creating additional market power due to search costs. In … the expert and fringe firms is costly. For search costs that are not excessively high, in equilibrium the expert … mistakenly leave the expert, and some low-severity consumers incur unnecessary search costs. Total welfare is non-monotonic in …

incurring a positive search cost, the agent can consult an expert, whose interest is partially aligned with him. There are … vanishing search cost. The main findings are as follows. First, there are signal structures with which both the agent's payoff …

increase in the option value of search: with better ability to differentiate offer quality, workers become choosier and …

are consistent with an increase in the option value of search: with better ability to differentiate offer quality, workers … search longer, select higher-quality intermediaries, and ultimately have better migration experiences. …

We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which …