This paper investigates the possibility that wealth (holdings of money) serves as a signal of ability to produce high …

private information. Agents engage in costly search and meet randomly. The terms of trade are determined through bilateral ….e., as discounting and the fixed cost of search become small, all equilibria of the market game converge to perfectly …

Weitzman's search model requires that, conditional on stopping, the agent only takes boxes which have already been … common in the search and information acquisition literature, boxes are inspected following the same order as inWeitzman …

In a two-sided search market agents are paired to bargain over a unit surplus. The matching market serves as an …

search inefficiencies are more significant in electronic trade. It therefore remains an open issue whether Internet trade can …

We experimentally explore individual and interactive decision making ina sequential search task and test whether …)adequately explain the observed search behavior. Subjects can, at acost, employ screening and selection methods facilitating their search … experimentation. Contrary to popular theoriesof sequential search, aspiration levels are set below the maximum valueof all previously …