first result shows that the economy always generates the right number of jobs. However, with random search firms under …-invest in capital due to a hold-up problem. In contrast, if workers can direct their search to firms with different capital …

We study the steady state of an overlapping generations economy where singles search for spouses. In our model economy … free parameters: the search friction and the utility share of bearing children. We choose their values to match the median …

information about the return to transactions with particular agents. In a search framework, signaling supports not simply a …

I develop an equilibrium, two-sided search model of marriage with endogenous population growth to study the interaction …

equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … estimated parameter values welfare is improved if unemployed workers increase their search intensity. …

Standard search theory assumes that individuals know, with certainty, how they compare to competing searchers in terms … for search behavior. We test our hypotheses in a laboratory experiment. The first main finding is that people are … based on search outcomes. Self-confidence increases or decreases in the right direction, but is less sensitive to new …

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …