search. Sellers simultaneously post prices and decide whether or not to incur an exogenous cost to advertise their price … increases in either search or advertising costs are reflected in higher equilibrium prices. To test the predictions regarding … the level and dispersion of prices and advertising intensity, we vary the costs of search and advertising as well as the …

search frictions. We consider a homogeneous population where each agent, in every period, has a choice between specializing … partners. They may be found in a decentralized search market, but search takes time. Merchants set up trading posts where they … offer an immediate trade in return for a commission that each merchant sets every period. Although the location of a …

for a really bad school compared to just a bad school. In this paper, we formulate a simple housing search model that …

Recent research shows that observed labor market flows can be explained in search and matching models only by assuming …, in turn, is a central determinant of wages in the Nash bargaining approach. We argue in this paper that on-the-job search …-the-job search in a fully specified, real DSGE model with endogenous labor market flows. There are two types of jobs, good and bad …

goods market but a labor market with search friction. In the labor market, firms post wages and both employed and unemployed … workers search among the posted wages. In equilibrium, a higher inflation rate reduces the dispersion in real wages. This …

This paper develops a search-theoretic model of the cross-sectional distribution of asset returns. It abstracts from …