This paper analyzes how the levels of unemployment and vacancies affect the rate at which unemployed workers find employment--the worker-firm 'matching function.' In particular, the authors test the robustness of previous empirical work by checking whether they obtain the same estimated function...

If buyers cannot observe product characteristics, they search available sellers to find better matches. In this situation, market go-betweens who 'manage' a variety of products emerge, offering consumers a variety of trading opportunities which reduce the uncertainty of search and improve the...