We develop an equilibrium sequential search model which includes most of the literature as special cases. In particular …, the model can accommodate heterogeneity in buyers’ search costs and demand functions and firms’ cost functions, with … equilibrium search models. Although we focus on sequential search, our methodology can be used for other classes of equilibrium …

by considering randomized monetary trades in a standard search-theoretic model of money where agents can hold multiple …

economic models of sequential collection of costly information have focused on price-search. It is argued that this is a very … specialized type of search. This has led such models to focus on the issue of when search should stop. The article attempts to … show how the principles of sequential search can be applied to other types of problems, such as innovation, where the …

We construct a bilateral search model of the housing market in which agents differ in their flow rewards while …

double auction. There are frictions due to costly search and time discounting, parameterized by a single number t > 0 …

equilibria in which not every meeting results in trade. All equilibria converge to perfect competition as the frictions of search …

This paper studies search and prices in the Medigap insurance market. Using data on market shares, insurer … characteristics, and plan prices, we estimate to what extent prices can be explained by search and product differentiation. In our … model, consumers search across Medigap insurers for prices as well as plan types. Our estimates indicate search costs are …

search costs, plus more general matching and bargaining. This allows us to study many new issues, including entry, efficiency …