We present a model that generates empirically plausible price distributions in directed search equilibrium. There are many identical buyers and many identical capacity-constrained sellers who post prices. These prices can be renegotiated to some degree and the outcome depends on the number of...

We study the incentives from a two-sided platform to segment the market by providing personalized search results. In our environment, a monopolistic platform is in charge of matching sellers with buyers. Upon being matched, each pair of buyer and seller negotiate prices. If they choose to...

In frictional matching markets with heterogeneous buyers and sellers, sellers incur discrete showing costs to show goods to buyers who incur discrete inspection costs to assess the suitability of the goods on offer. This paper studies how brokers can help reduce these costs by managing the level...