This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading … opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no … restriction on agent heterogeneity. In this context, a non-trivial, full trade search equilibrium is shown to exist, equilibria …

This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … private information. Agents engage in costly search and meet randomly. The terms of trade are determined through a Bayesian … mechanism proposal game. The paper considers a market in steady state. As discounting and the fixed cost of search become small …

decrease as the level of earnings rises. The framework is a search equilibrium model where wages are determined by Nash … bargaining between firms and workers, job search intensity is endogenous and workers are heterogeneous. The analysis suggests …

uncertain. We identify two conflicting effects. On the one hand, reducing the consumer's cost of search for quality exacerbates …, makes investment less attractive. This discourages investment, leading to lower quality. We show that reducing the search … cost leads to higher quality if the initial level of the search cost is sufficiently high but may lead to lower quality if …

We analyze agents' decisions to act as producers or intermediaries using equilibrium search theory. Extending previous …

search costs, plus more general matching and bargaining. This allows us to study many new issues, including entry, efficiency …

from the firm having the vacant position, the less likely it is that the candidate is chosen. The search may also involve … foundations of the search process are presented. An empirical application to a board interlock network demonstrates that the model …

Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with … preferences exist, significantly decrease stability in matching markets, and are driven both by belief-based and preference …