There is a positive and significant correlation of many traits, such as age, religion, socioeconomic status, and education, among spouses. Becker (1973) shows that positive assortative matching – which results in a perfect correlation of traits in spouses – is optimal if the traits...

In this paper we construct a two-country search monetary model to determine the nominal exchange rate between two fiat monies. Our model imposes natural restrictions on agents' opportunities for arbitrage. These restrictions bind when the gross growth rates of the two currency stocks exceed the...

We consider a two-sided, finite-horizon model of search and matching with heterogeneous types and complementarity between types. The quality of the pool of potential matches deteriorates as agents who have found mutually agreeable matches exit the market. With automatic participation of all...