Directed search and competitive search equilibrium: A guided tour
This essay surveys the literature on directed search and competitive search equilibrium,
covering theory and a variety of applications. These models share features with traditional …
covering theory and a variety of applications. These models share features with traditional …
Directed search: A guided tour
This essay surveys the literature on directed/competitive search, covering theory and
applications in, eg, labor, housing and monetary economics. These models share features …
applications in, eg, labor, housing and monetary economics. These models share features …
Directed search: A guided tour
This essay surveys the literature on directed/competitive search, covering theory and
applications in, eg, labor, housing and monetary economics. These models share features …
applications in, eg, labor, housing and monetary economics. These models share features …
Capacity choice, monetary trade, and the cost of inflation
G Baughman, S Rabinovich - European Economic Review, 2021 - Elsevier
Both buyers and sellers in decentralized markets make investments ex ante that constrain
trading possibilities ex post: buyers decide in advance how much money to carry, while …
trading possibilities ex post: buyers decide in advance how much money to carry, while …
Revisiting multiplicity of bubble equilibria in a search model with posted prices
S Rabinovich - The BE Journal of Theoretical Economics, 2017 - degruyter.com
Multiplicity of equilibria naturally obtains in search models of money with price posting:
buyers' money holdings depend on posted prices, which, in turn, depend on buyers' money …
buyers' money holdings depend on posted prices, which, in turn, depend on buyers' money …
Self-confirming price dispersion in monetary economies
G Baughman, S Rabinovich - Journal of Economic Theory, 2019 - Elsevier
In a monetary economy, we show that price dispersion arises as an equilibrium outcome
without the need for costly simultaneous search or any heterogeneity in preferences …
without the need for costly simultaneous search or any heterogeneity in preferences …