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equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … estimated parameter values welfare is improved if unemployed workers increase their search intensity. …
Persistent link: https://www.econbiz.de/10010278320
We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which …
Persistent link: https://www.econbiz.de/10014534006
two-sided search and matching model used to rationalize the empirical facts and carry out predictions regarding match …
Persistent link: https://www.econbiz.de/10014540958
We propose a stylised dynamic model to understand the role of social networks in the phenomenon we call "globalization." This term refers to the process by which even agents who are geographically far apart come to interact, thus being able to overcome what would otherwise be a fast saturation...
Persistent link: https://www.econbiz.de/10011441820
We investigate the impact of consumer search and competition on pricing strategies in Germany's electricity retail. We … utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a … direct measure of search intensity and combine this information with zip code level data on electricity tariffs between 2011 …
Persistent link: https://www.econbiz.de/10011447766
search costs, plus more general matching and bargaining. This allows us to study many new issues, including entry, efficiency …
Persistent link: https://www.econbiz.de/10011460668
This note presents an ordered search model in which consumers search both for price and product fitness. We construct … an equilibrium in which there is price dispersion and prices rise in the order of search. The top firms in consumer … search process, though charge lower prices, earn higher profits due to their larger market shares. …
Persistent link: https://www.econbiz.de/10011496101
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 …
Persistent link: https://www.econbiz.de/10012215298
increase in the option value of search: with better ability to differentiate offer quality, workers become choosier and …
Persistent link: https://www.econbiz.de/10012882521
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 …
Persistent link: https://www.econbiz.de/10012609027