منابع مشابه
Directed Search in the Housing Market
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below, and sometimes at the asking price. We consider two versions of our model. In the first version, all sellers have the same res...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2020
ISSN: 0002-8282
DOI: 10.1257/aer.20141772