in which, for strategic and efficiency reasons, agents invest in human capital and buy assets prior to matching and … negotiate asset ownership. This paper endogenizes the event sequence in a matching model of market equilibrium. Equilibria exist …

particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then … coordination failures. Different types of efficiency arise when buyers undertake investment before market competition. These …

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

A dynamic labor matching economy is presented, in which the unemployed are either entitled to unemployment insurance …

the role of one of the main contenders - the matching of workers and jobs. Using individual level data for two large US … states we show that thicker urban labour markets are associated with more assortative matching between workers and firms … our data. Putting together the production and matching relationships, we show that production complementarity and …

Reduced- form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

Reduced-form tests of scale effects in markets with search, based on aggregate matching functions, may miss important … higher post-unemployment wages but not faster matches, so aggregate matching functions are unaffected by scale. …