Suppose that n buyers each want one unit and m sellers each have one or more units of a good. Sellers post prices, and then buyers choose sellers. In symmetric equilibrium, similar sellers all post one price, and buyers randomize. Hence, more or fewer buyers may arrive than a seller can accommodate. We call this frictions. We solve for prices and the endogenous matching function for finite n an...

A two period bargaining model with asymmetric information is considered. An uninformed seller charges a uniform price to two buyers. A risk averse seller offers a larger price cut in period two when one buyer remains in the market than when two buyers remain. The price in period one is sensitive to the number of buyers and the seller’s degree of risk aversion. The initial price charged to a sin...

We consider a population of buyers who have unit demand for a homogeneous good, and only differ in terms of how soon they need to purchase it. These buyers have access to a stochastic stream of second-price auctions, as well as a retail outlet that can be used at any time. We characterize the equilibrium bidding dynamics, showing that bidders steadily raise their reservation price as they appro...

The ultimate effect of regular and diet carbonated soft drinks on energy intakes depends on possible relations with other dietary components. With this motivation, this study compared grocery purchase patterns of regular and diet soft drink consumers using a large sample of US single-person households. We tested for differences in food-spending shares allocated to 43 food categories chosen main...

Existing homes are sold at lower average prices than comparable new homes. Buyers search less intensively among existing homes than new housing projects, but buy more frequently after initial inspections. These and other properties of housing search are predicted in this paper by a model with the following properties. Buyers screen listings on electronic sites and search only among acceptable m...

We examine communication in laboratory games with asymmetric information. Sellers know true asset qualities. Potential buyers only know the quality distribution. Prohibiting communication, we document the degree of adverse selection. Then we examine two alternative communication mechanisms. Under “cheap talk,” each seller can announce any subset of qualities. Under “antifraud,” the subset must ...

We present an agent-based computational economics (ACE) model of the wholesale "sh market in Marseille. Two of the stylized facts of that market are high loyalty of buyers to sellers, and persistent price dispersion, although it is every day the same population of sellers and buyers that meets in the same market hall. In our ACE model, sellers decide on quantities to supply, prices to ask, and ...

obsessive-compulsive disorder is characterized by the presence of recurrent and persistent thoughts, urges or images as well as repetitive behaviors or mental acts. according to the existing evidence, it can be predicted that difficulties in emotion regulation, impulsivity and anger are related to obsessive-compulsive disorder in one way or another. the aim of the present study was to predict o...

obsessive-compulsive disorder is characterized by the presence of recurrent and persistent thoughts, urges, or images as well as repetitive behaviors or mental acts.  according to the existing evidence, it can be predicted that difficulties in emotion regulation, impulsivity, and anger are related to obsessive-compulsive disorder in one way or another. the aim of the present study was to predic...

Obsessive compulsive disorder and bipolar affective disorder in the pediatric population show a bidirectional overlap. Few studies that have addressed this issue show that the prevalence of obsessive compulsive disorder in bipolar affective disorder patients ranges from 0 to 54%, and 1.85 to 36% of the obsessive compulsive disorder patients have a comorbid bipolar affective disorder. We report ...