The aim of this paper is to study asset reallocation in financial markets subject to search, bargaining, and … consequence, a positive liquidity differential between money and real assets emerges, resulting in an increased demand for fiat … money, as observed since the eruption of the global financial crisis. A policy intervention replacing information sensitive …

information to the model of [Berentsen and Waller, 2011], a divide between an interest rate policy and a money stock policy …

reduce excessive asset price inflation by reducing the amount of credit money and investment flowing from financial …

decrease as the level of earnings rises. The framework is a search equilibrium model where wages are determined by Nash … bargaining between firms and workers, job search intensity is endogenous and workers are heterogeneous. The analysis suggests …

uncertain. We identify two conflicting effects. On the one hand, reducing the consumer's cost of search for quality exacerbates …, makes investment less attractive. This discourages investment, leading to lower quality. We show that reducing the search … cost leads to higher quality if the initial level of the search cost is sufficiently high but may lead to lower quality if …

We analyze agents' decisions to act as producers or intermediaries using equilibrium search theory. Extending previous …

This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading … opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no … restriction on agent heterogeneity. In this context, a non-trivial, full trade search equilibrium is shown to exist, equilibria …