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 …

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 … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is …

This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … private information. Agents engage in costly search and meet randomly. The terms of trade are determined through bilateral ….e., as discounting and the fixed cost of search become small, all equilibria of the market game converge to perfectly …

Steady state equilibria in heterogeneous agent matching models with search frictions have been shown to exist in Shimer … and Smith (2000) under the assumption of a quadratic search technology. We extend their analysis to the commonly … investigated linear search technology. …

This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading … opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no … restriction on agent heterogeneity. In this context, a non-trivial, full trade search equilibrium is shown to exist, equilibria …

This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … private information. Agents engage in costly search and meet randomly. The terms of trade are determined through a Bayesian … mechanism proposal game. The paper considers a market in steady state. As discounting and the fixed cost of search become small …

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