The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise … in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic …

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 …

The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise … in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic …

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 …

surplus in the absence of interagent transfers. Most of the work in the large bargaining-and matching literature ignores this …

resides in between the random matching and the directed search outcomes. The equilibrium that emerges from this middle ground …We present a theory of targeted search, where people with a finite information processing capacity search for a match … is inefficient relative to the constrained Pareto allocation. Our theory encompasses the outcomes of the random matching …

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 …

resides in between the random matching and the directed search outcomes. The equilibrium that emerges from this middle ground …We present a theory of targeted search, where people with a finite information processing capacity search for a match … is inefficient relative to the constrained Pareto allocation. Our theory encompasses the outcomes of the random matching …

make investments before matching in a competitive market. We introduce the notion of premuneration values—the values to the …

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 …