I propose a model of the housing market using a search framework with asymmetric information in which sellers are … contribute to housing market illiquidity. Real estate agents that can facilitate the search process can segment the market and … matching process, incentive compatible listing contracts are implementable as long as housing is not already sufficiently …

I propose a model of the housing market using a search framework with asymmetric information in which sellers are … advantage in the matching process, incentive compatible listing contracts are implementable as long as housing is not already … posting as a signalling device to direct buyers' search. Adverse selection and inefficient entry on the demand side then …

This article develops a search-theoretic model of financial intermediation to study the efficiency condition of the … banking sector. Competitive financial intermediation is determined by the search decisions of both households (to find … by banks or are bargained under a specific Hosios (1990) condition, which addresses the hold-up problem induced by search …

This paper shows that all perfect Bayesian equilibria of a decentralized dynamic matching market with two …. Agents engage in costly search and meet randomly. The terms of trade are determined through bilateral bargaining between … costs of search become small, all equilibria of the market game converge to perfectly competitive equilibria. …

We investigate a canonical search-theoretic model without entry. Two agents are randomly matched with a long side being …

data from a growing online platform that matches travelers and hosts to study matching and transaction costs on online … platforms. I show that the matching probability for guests has increased by 18% over a span of two years on the platform. I then … show that the increase in efficiency holds even when controlling for the search intensity of guests, the change in the …

We prove existence of steady-state equilibrium in a class of matching modelswith search frictions. …

In frictional matching markets with heterogeneous buyers and sellers, sellers incur discrete showing costs to show … management enable search intermediaries to internalize information externalities generated in unintermediated private search. …