When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those … that can arise and the number of matches on a given network. Equilibria that exhibit wage dispersion are inefficient in …

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other … workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects … network clearing). We show that those frictions and the wage mechanism are in general not independent. Equilibria that exhibit …

in case of a stochastic matching subject to various forms of expectations. We consider an exchange network with …

I examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly … social welfare increase as the consumers network becomes denser. These results are reverse when search costs are high. … search for price quotations and the information gathered are non-excludable along direct links. This allows me to explore the …