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Persistent link: https://www.econbiz.de/10010528891
The directed search model (Peters, 1984) is static; its dynamic extensions typically restrict strategies, often … assuming price or match commitments. We lift such restrictions to study equilibrium when search can be directed over time …
Persistent link: https://www.econbiz.de/10011206196
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We endogenize the trade mechanism in a search economy with many homogenous sellers and many heterogeneous buyers of …
Persistent link: https://www.econbiz.de/10005835330
The illicit nonmedical use of prescription drugs is studied in a model where individuals with imperfectly observable health conditions seek prescription drugs for either medical or nonmedical reasons. The equilibrium number of medical and nonmedical users is endogenous and depends on economic...
Persistent link: https://www.econbiz.de/10010894315
by considering randomized monetary trades in a standard search-theoretic model of money where agents can hold multiple …
Persistent link: https://www.econbiz.de/10005463523
do so by considering randomized monetary trades in a standard search-theoretic model of money where agents can hold …
Persistent link: https://www.econbiz.de/10005370807
I highlight the importance of the distributional aspects of money’s divisibility by comparing a search-theoretic model …
Persistent link: https://www.econbiz.de/10005371144
I study a search theoretic model with pairwise meetings where dealers arise endogenously. The extent of intermediation …
Persistent link: https://www.econbiz.de/10005085524