information about the return to transactions with particular agents. In a search framework, signaling supports not simply a …

I propose a model of the housing market using a search framework with asymmetric information in which sellers are … posting as a signalling device to direct buyers' search. Adverse selection and inefficient entry on the demand side then …

increase in the option value of search: with better ability to differentiate offer quality, workers become choosier and …

recommendations and price offers only after consumers have approached them, creating additional market power due to search costs. In … the expert and fringe firms is costly. For search costs that are not excessively high, in equilibrium the expert … mistakenly leave the expert, and some low-severity consumers incur unnecessary search costs. Total welfare is non-monotonic in …

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 …

are consistent with an increase in the option value of search: with better ability to differentiate offer quality, workers … search longer, select higher-quality intermediaries, and ultimately have better migration experiences. …