We study how firm boundaries are affected by the reduction in search costs when business-to-business electronic markets … are adopted. Our paper analyzes a multi-tier industry in which upstream parts suppliers incur procurement search costs … integrates search theory into the hidden-action principal-agent model and characterize the optimal contract, showing that the …

search frictions. We consider a homogeneous population where each agent, in every period, has a choice between specializing … partners. They may be found in a decentralized search market, but search takes time. Merchants set up trading posts where they … merchant's trading post must be discovered through search, producers who are informed of the location of a trading post have …

the presence of search frictions and investment costs in both human and physical capital, while workers under-invest in … random matching model with endogenous heterogeneity. I analyze the efficiency properties of the equilibrium and find that in …

Researchers have incorporated labor or credit market frictions in isolation within simple neoclassical models to open … and long run, labor market frictions typically have only short-run effects unless they also affect the volume of … only labor market frictions, (iii) these distortions have the ability to prolong the effect of temporary shocks, and (iv …

The goal of this paper is to determine the effects of different social security regimes on job search. A less generous … wage offers. On the other hand, as the social security system provides insurance against labor shocks, such as layoffs and … determine the strength of each effect, we develop a life-cycle overlapping generations model with job search, savings and a …

interactions effects in the labor market. We argue that the use of informal referrals has implications for the spatial distribution …

During the past decade, many researchers have examined the theoretical predictions of labor search models with … endogenous job search intensity. For a risk adverse individual, search intensity depends on variables such as individual wealth … and the level of unemployment benefits. Since wealth and unemployment benefits affect search intensity, they also affect …

for job search and recidivism time which incorporates the conditional treatment effect. We find that the program helps to …