We explore the role of prominence in equilibrium pricing in markets where search is sequential and random. Our model key feature is that more prominent firms are more likely to be sampled first. In contrast to ordered-search models, we find that more prominent firms inherit larger but less...

We formulate and solve dynamic programming models extending search theory to (1) multiple indivisible units and (2) perfectly divisible assets. Buyers arrive seeking randomly many units at a random price in (1), or with a random limit order in (2). The seller can partially exercise orders -...

We formulate and solve a costly multi-unit search problem for the optimal selling of a stock of goods. Our showcase application is an inventory liquidation problem with fixed holding costs, such as warehousing, salaries or floor planning. A seller faces a stream of buyers periodically arriving...

The criteria used to tackle the issue of crimes against property through material means is critically analyzed in this article. For that purpose, the reach of the rector verb appropriate, specific of Chilean legislation, is analyzed, as well as its breadth when these figures are classified...

We model how individual preferences are shaped by strategic reciprocity choices. Our model accounts for heterogeneous players — with intrinsic altruistic, selfish or spiteful preferences — who randomly engage in short-run, as well as long-run, pair- wise interactions. To disentangle the...