Tag Archives: frictions

Search frictions and market power in negotiated price markets

Jason Allen (Bank of Canada); Robert Clark (Queen's University); Jean-Francois Houde (Cornell University and NBER) frame Search frictions and market power in negotiated price markets. ABSTRACT: We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data… … Continue reading

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Dynamic Pricing with Search Frictions

Daniel Garcia studies Dynamic Pricing with Search Frictions. ABSTRACT: We study markets for perishable goods with search frictions. Sellers have a single unit of a good and post prices in every period. Buyers engage in costly search to observe prices… … Continue reading

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APEC ponders free trade area as frictions loom

APEC ponders free trade area as frictions loom YOKOHAMA (Reuters) – Asia-Pacific (002790.KS – news) economies, including China and the United States, were laying the groundwork on Sunday for a vast free trade area, but frictions over currencies and geopolitical … Continue reading

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