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 …

model, the search and matching theory and behavioral economics. Concerning the latter, we propose a new framework to explain …We review the existing literature on the causes of vacancies in the housing market. First, we present a detailed … vacancies in the housing market in the context of prospect theory which could be extended by future research. Second, we …

This chapter surveys the literature on the microstructure of housing markets. It considers one-sided search, random … matching, and directed search models. It also examines the bargaining that takes place once a match has occurred, with the … bargaining taking various forms, including two-party negotiations of different types and multiparty housing auctions. The chapter …

increase in the option value of search: with better ability to differentiate offer quality, workers become choosier and … ultimately have better migration experiences. This offers a new perspective on the importance of information and matching …

incurring a positive search cost, the agent can consult an expert, whose interest is partially aligned with him. There are … vanishing search cost. The main findings are as follows. First, there are signal structures with which both the agent's payoff …

Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal … standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …