spatial instability. A simple model of non-sequential search with endogenous search intensity can link this instability to …

derived for fixed levels of both wages and search intensities, where it is shown (without using a free-entry condition) that … there exists a unique equilibrium. It is then shown that if job searchers are allowed to choose their search intensities …

In this paper we propose a dynamic partial equilibrium model in order to explain the search behaviour of low … react to a reduction in their current search effectiveness by decreasing their search efforts, and react to an expected … future reduction in search effectiveness by increasing their present search efforts, to exploit the most our of good times …

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

or more of the posted wages, i.e. search, before deciding where to apply. Both with homogeneous and heterogeneous forms …, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search …, and wages are depressed. As a result: (a) there is excessive entry of firms; and (b) because, in the absence of search …

This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions …