The aim of this paper is to study asset reallocation in financial markets subject to search, bargaining, and … consequence, a positive liquidity differential between money and real assets emerges, resulting in an increased demand for fiat … money, as observed since the eruption of the global financial crisis. A policy intervention replacing information sensitive …

information to the model of [Berentsen and Waller, 2011], a divide between an interest rate policy and a money stock policy …

The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … model, often implausibly strong conditions are required. This paper shows that, once signals are introduced, a search model … of random search, which creates in effect an almost frictionless environment. Hence the unique separating equilibrium in …

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

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 …-crossing property and sorting condition coincide. As the information from signals allows agents to avoid all unnecessary search, this …