Narrow search
Showing 1 - 10 of 52
Cover Image
Directed search in the housing market
Albrecht, James W.; Gautier, Pieter; Vroman, Susan B. - 2009
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 …
Persistent link: https://www.econbiz.de/10011379608
Cover Image
Simultaneous search and network efficiency
Gautier, Pieter; Holzner, Christian - 2011
Persistent link: https://www.econbiz.de/10009720781
Cover Image
Wages and employment in a random social network with arbitrary degree distribution
Ioannides, Yannis M.; Soetevent, Adriaan R. - 2006
Empirical studies of labor markets show that social contacts are an important source of job-related information [Ioannides and Loury (2004)]. At the same time, wage differences among workers may be explained only in part by differences in individual background characteristics. Such findings...
Persistent link: https://www.econbiz.de/10011348716
Cover Image
Why do oaths work? : image concerns and credibility in promise keeping
Kingsuwankul, Sorravich; Tergiman, Chloe; Villeval, … - 2023
We use a laboratory experiment to understand the channels through which honesty oaths can affect behavior and credibility. Using a game with asymmetric information in a financial market setting that captures some important features of advisor-investor interactions, we manipulate the common...
Persistent link: https://www.econbiz.de/10014380769
Cover Image
Behaviorally rational expectations and almost self-fulfilling equilibria
Hommes, Cars H. - 2013
Rational expectations assumes perfect, model consistency between beliefs and market realizations. Here we discuss behaviorally rational expectations, characterized by an observable, parsimonious and intuitive form of consistency between beliefs and realizations. We discuss three case-studies....
Persistent link: https://www.econbiz.de/10010227365
Cover Image
Learning, forecasting and optimizing : an experimental study
Te, Bao; Duffy, John; Hommes, Cars H. - 2012
Persistent link: https://www.econbiz.de/10010191021
Cover Image
Behavioral learning equilibria
Hommes, Cars H.; Zhu, Mei - 2013
Persistent link: https://www.econbiz.de/10010191433
Cover Image
Search costs, demand-side economies and the incentives to merge under Betrand competition
Moraga-González, José Luis; Petrikaite, Vaiva - 2012
Persistent link: https://www.econbiz.de/10009722700
Cover Image
Prices, product differentiation, and heterogeneous search costs
Moraga-González, José Luis; Sándor, Zsolt; … - 2014
We study price formation in the standard model of consumer search for differentiated products but allow for search cost … heterogeneity. In doing so, we dispense with the usual assumption that all consumers search at least once in equilibrium. This … allows us to analyze the manner in which prices affect the decision to search rather than to not search at all, which is an …
Persistent link: https://www.econbiz.de/10010370656
Cover Image
Search frictions, competing mechanisms and optimal market segmentation
Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10011479787