that equilibrium in the sorting economy imposes on the equilibrium price function. The equilibrium price equation …

fired because they are not well suited for their job (sorting explanation) or because the firms are trying to provide …

-likelihood methods using U.S. data. Estimation results indicate a strong Edgeworth complementarity between private and public spending …

We consider a two-sided, finite-horizon search and matching model with heterogeneous types and complementarity between … the market. When search is costless and all agents participate in each matching round, the market performs a sorting … function in that high types of agents have multiple chances to match with their peers. However, this sorting function is lost …

This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that … place in poor and rich countries alike, arising from productivity heterogeneity and redistribution (although it could also … arise from other sources of heterogeneity). The effect is explicitly captured in the aggregate growth equation by the …