This paper examines the role of agent heterogeneity and learning on wage dispersion and employment dynamics. In the … first half of the paper, I present an equilibrium matching model where heterogeneous workers and firms learn about match … heterogeneity in beliefs about match quality. Under a simple CRS technology, the equilibrium wage is additively separable in worker …

This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers … advertising level, and market structure. The relationship results from a trade off between a price effect and a market structure-matching …

-makers learns to coordinate on the selection of an equilibrium or a social convention in a two-sided matching game. In the contexts …. As an interesting result, it is demonstrated that stability need not be required for the success of a matching mechanism …

uncertainty can be resolved but both processes are costly. Intermediaries (recruiters) can perform the job matching but only at … lowers the social efficiency of matching if workers choose recruiters randomly. If we allow recruiters to announce their …

I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a …