Camera, Gabriele; Selcuk, Cemil - In: Journal of the European Economic Association 7 (2009) 6, pp. 1193-1224
We present a model that generates empirically plausible price distributions in directed search equilibrium. There are many identical buyers and many identical capacity-constrained sellers who post prices. These prices can be renegotiated to some degree and the outcome depends on the number of...
