This paper provides the first analysis of employer search using duration methods for theUK. We model both the duration … of employer search and whether employers succeed infilling vacancies. We present the appropriate econometric techniques …

less experienced traders. As in a fraction of the uniform-experience literature, lack of short-selling makes room for the … success of such bubble schemes. This previous literature did not allow for persistent effects of experience on beliefs and …, instead, relied on more direct assumptions of belief heterogeneity. Although we map experience into beliefs in a specific way …

variables over the respondents' lifetime, respectively. I find that experience significantly predicts respondents' expectations …

Weitzman's search model requires that, conditional on stopping, the agent only takes boxes which have already been … common in the search and information acquisition literature, boxes are inspected following the same order as inWeitzman …

private information. Agents engage in costly search and meet randomly. The terms of trade are determined through bilateral ….e., as discounting and the fixed cost of search become small, all equilibria of the market game converge to perfectly …