Niedermayer, Andras; Shneyerov, Artyom - In: International Economic Review 55 (2014) 08, pp. 765-789
We consider optimal pricing by a profit‐maximizing platform running a dynamic search and matching market. Buyers and sellers enter in cohorts over time, meet, and bargain under private information. The optimal centralized mechanism, which involves posting a bid–ask spread, can be...