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 …

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 …

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 …

We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American … particular, expected price increases as search cost decreases and is constant in the number of shoppers and in the number of … firms. Welfare falls as firms enter the market. We show that monopoly pricing never obtains with truly costly search. …