Search Theory is an analysis of resource allocation in economic environments with trad-ing frictions. These frictions include the difficulty of bringing potential traders together, co-ordinating agents ’ decisions, informing agents of trading opportunities, and keeping records of agents ’ trading histories. In the market, trading frictions appear in various forms of transactions cost and they generate important regularities in quantities and prices. For example, there are unemployed workers, under-utilized capital, and unsold goods in inven-tory, which indicate that markets are unable to exhaust all potentially desirable trades. Also, the law of one price predicted for a frictionless economy is at odds with the dispersion of prices often ob...
Toward understanding assortative matching, this is a self-contained introduction to research on sear...
I illustrate a search theoretic environment that allows endogenous determination of number of trade ...
Toward understanding assortative matching, this is a self-contained introduction to research on sear...
We have all visited several stores to check prices and/or to find the right item or the right size. ...
Search theory which originated from operations research was first introduced into microeconomics in ...
The process that determines how agents meet is a key building block of any equilibrium model of sear...
When the trading process is characterized by search frictions, traders may be rationed so markets ne...
The economics of search study the implications of frictions for individual behavior and market perfo...
This dissertation considers three separate applications of the theory of search and matching equilib...
In this paper we trace the evolution of economic search theory and the concomitant accumulation of i...
This dissertation considers three separate applications of the theory of search and matching equilib...
[Introduction] The "theory of search" - the application of optimal stopping rules to decision-makin...
A conventional wisdom regarding search models is that multiple unemployment equilibrium may result i...
Abstract We develop a dynamic matching and bargaining game with aggregate uncertainty about the rela...
This paper investigates price determination in a decentralized economy in which buyers’ valuations a...
Toward understanding assortative matching, this is a self-contained introduction to research on sear...
I illustrate a search theoretic environment that allows endogenous determination of number of trade ...
Toward understanding assortative matching, this is a self-contained introduction to research on sear...
We have all visited several stores to check prices and/or to find the right item or the right size. ...
Search theory which originated from operations research was first introduced into microeconomics in ...
The process that determines how agents meet is a key building block of any equilibrium model of sear...
When the trading process is characterized by search frictions, traders may be rationed so markets ne...
The economics of search study the implications of frictions for individual behavior and market perfo...
This dissertation considers three separate applications of the theory of search and matching equilib...
In this paper we trace the evolution of economic search theory and the concomitant accumulation of i...
This dissertation considers three separate applications of the theory of search and matching equilib...
[Introduction] The "theory of search" - the application of optimal stopping rules to decision-makin...
A conventional wisdom regarding search models is that multiple unemployment equilibrium may result i...
Abstract We develop a dynamic matching and bargaining game with aggregate uncertainty about the rela...
This paper investigates price determination in a decentralized economy in which buyers’ valuations a...
Toward understanding assortative matching, this is a self-contained introduction to research on sear...
I illustrate a search theoretic environment that allows endogenous determination of number of trade ...
Toward understanding assortative matching, this is a self-contained introduction to research on sear...