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We study markets for perishable goods with search frictions. Sellers have a single unit of a good and post prices in every period. Buyers engage in costly search to observe prices and match values. In equilibrium trade starts endogenously and the volume of trade increases over time. Under mild...
Persistent link: https://www.econbiz.de/10012929275
This paper studies dynamic pricing in a market with search frictions. Sellers have a single unit of a good and post prices in every trading period. Buyers have to incur a search cost to match with a new seller and upon matching they observe the price and the realization of some idiosyncratic...
Persistent link: https://www.econbiz.de/10012958746
Persistent link: https://www.econbiz.de/10011742649
We study markets for perishable goods with search frictions. Sellers have a single unit of a good and post prices in every period. Buyers engage in costly search to observe prices and match values. In equilibrium trade starts endogenously and the volume of trade increases over time. Under mild...
Persistent link: https://www.econbiz.de/10011761525