This paper analyses the interaction between internal agency problems within firms and external search frictions when … of the wage contracts is positively related to high productivity, low unemployment benefits and high search frictions. …

through search. Short-sellers can endogenously concentrate in one asset because of search externalities and the constraint … that they must deliver the asset they borrowed. As a result, that asset enjoys both greater liquidity, measured by search …

We endogenize separation in a search model of the labor market and allow for bargaining over the continuation of …

description of the way in which labour markets actually work. This paper uses the techniques of search theory to analyse the …

debt markets, and an over-the-counter secondary debt market with search frictions. Liquidity in this market is related to …

Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool …

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

We develop a search-based model of asset trading, in which investors of different horizons can invest in two identical … assets. The asset markets are partially segmented: buyers can search for only one asset, but can decide which one. We show … that there exists a "clientele" equilibrium where one market has more buyers and sellers, lower search times, higher …