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 …

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

yet unclear whether differences in job search behaviour, or its success, can help explain this gap. In this paper, we … investigate how the job search methods of unemployed immigrants compare with those of the native born, using panel data from the … UK Quarterly Labour Force Survey. We explore the relative effectiveness of different job search methods, between the main …

female labor force participation and education levels attribute to the delay in marriage for women, but only for a small … fraction. Applying search theory indicates that the utility of being singles, the arrival rate of marriage offers, the discount …

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