Agarwal and Somaini study demand estimation in markets where consumers face latent choice constraints — situations where a consumer's effective choice set is determined not only by her preferences but …
This paper investigates whether intermediaries in the U.S. municipal bond market strategically exploit product design to increase search frictions and, through that channel, capture rents. …
Online FirstJournal of Political EconomyOnline 25 Sep 2026
This paper examines frictions in dealer intermediation in durable consumer goods markets, using iBuyers — technology-driven real estate companies such as Opendoor and Offerpad — as a lens. The central …