In over-the-counter (OTC) markets, customers search for counterparties. Little is known about this process, however …, because existing data is comprised of transaction records, which are only informative about the end of a successful search …. Leveraging data from the leading trading platform for corporate bonds, we offer evidence about the search process: we analyze …

unexpectedly low. We develop a job search model with learning and updating to quantify the impact of perceived aggregate … can potentially offset a non-trivial part of the negative consequences of moral hazard in job search …

I derive a formula for the equilibrium distribution of markups in the search- theoretic model of imperfect competition … between a seller's markup and its size depends on the extent of search frictions, as well as on other deep parameters. Markups …