A MARKET WITH FRICTIONS IN THE MATCHING PROCESS: AN EXPERIMENTAL STUDY
نویسندگان
چکیده
منابع مشابه
A Market with Frictions in the Matching Process: An Experimental Study
We construct a laboratory market with the structure of the theoretical model of Burdett, Shi, and Wright (2001). The model is a simple and natural way to represent a market in which there is a friction in the matching process between buyers and sellers. Sellers first simultaneously post prices at which they are willing to sell their single unit of a good. Buyers then simultaneously choose a sel...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 2007
ISSN: 0020-6598,1468-2354
DOI: 10.1111/j.1468-2354.2007.00441.x