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

prevalence of social networks in job search there is as yet no consensus on the mechanisms for why referrals are so important: an …

structural search model that allows housing owners to buy second houses to let out, and let rents be determined endogenously. To …In this paper, I explore and explain how buy-to-let investors affect housing price dynamics. The impact of buy …-to-let investors on the housing market is much discussed by policy makers, but previously not considered in the literature. I develop a …

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 …

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

We propose a theoretical explanation for the so-called "beauty premium". Our explanation is based entirely on search … interaction between frictional labour and marriage markets and establish the existence of a search equilibrium characterised by …

When agents do not know where to find a match, they search. However, agents could direct their search to agents who … strategically choose a certain signal. Introducing cheap talk to a model of sequential search with bargaining, we find that signals … is a necessary and sufficient condition. It simultaneously ensures perfect positive assortative matching, so that single …

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 …

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 …

existence and location of their previous supplier. New information is gathered via search or word-of-mouth communication. Market …