Albrecht, James; Gautier, Pieter A.; Vroman, Susan - Tinbergen Instituut - 2010
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute … to the directed search literature by considering a model in which the asking price (i) entails only limited commitment …