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 …

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 …

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 …

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 …

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 …

the following specific features of the housing market : product heterogeneity plays an important role, search costs are …This paper develops a theoretical model to study the effects of regulation on the housing market. Our model emphasises … an unregulated housing market rents will increase at the time of renegotiation as a result of the "hold-up" problem. A …

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 …

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

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 …