between firms, thereby lowering prices and increasing economic welfare. This paper presents a search model that provides a … each of these equilibria. For example, a reduction in search cost may raise equilibrium prices when consumers' search … intensity is low, but reduce prices when consumers search intensity is high. These different comparative statics results may …

I examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly … search for price quotations and the information gathered are non-excludable along direct links. This allows me to explore the … effect of endogenous consumers externalities on market functioning. I first show that when search costs are low consumers …

This paper builds a consumer search model where the cost of going back to stores already searched is explicitly taken … into account. We show that the optimal search rule under costly recall is very different from the optimal search rule under … perfect recall. Under costly recall, the optimal search behaviour is nonstationary and, moreover, the reservation price is not …

In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute … to the directed search literature by considering a model in which the asking price (i) entails only limited commitment …

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …

We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function …

. Information can come through two different channels: advertising and sequential consumer search. We arrive at the following … results. First, there is no monotone relationship between prices and the degree of advertising. Second, advertising and search … are “substitutes” for a large range of parameters. Third, when the cost of either search or advertising vanishes, the …

The search literature assumes that consumers know which firms sell products they are looking for, but are unaware of … the basic fact that they sell the product. In this way, advertising lowers the expected search cost. We show that this …

We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an … search. We find that the sequence of points on the support of the search cost distribution that can be identified is …, the search cost distribution cannot be identified accurately at quantiles other than the lowest. To solve this pitfall, we …