Now showing items 1-2 of 2
Competing with Asking Prices
(University of Edinburgh, 2014-05)
In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below ...
Meeting technologies and optimal trading mechanisms in competitive search markets
(University of Edinburgh, 2014-08)
In a market in which sellers compete by posting mechanisms, we study how the properties of the meeting technology affect the mechanism that sellers select. In general, sellers have incentive to use mechanisms that are ...