We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and … negotiation model, we characterize the welfare impact of search frictions and quantify the role of search costs and brand loyalty … for market power. Search frictions reduce consumer surplus by $ 12/month/consumer, 28% of which can be associated with …

This paper identifies patterns of cross-sectional and temporal price dispersion-in the Spanish online grocery retail …. Our results show that price dispersion is still present (albeit to a lesser extent) even after controlling for chain … using price data while accounting for vertical product differentiation. The analysis suggests that the extent of search is …

. In equilibrium fairness matters because of market frictions. But, when these frictions become negligible, the equilibrium …This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes …

. In equilibrium fairness matters because of market frictions. But, when these frictions become negligible, the equilibrium …This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes …

specific paths to arise and exploit the information that the consumer learned through search. In some cases, the seller …