determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields …

mechanism should – in theory – provide incentives for truth-telling, many buyers in fact believe that they can increase their …

We analyze the effects of taxation in two-sided matching markets where agents have heterogeneous preferences over … potential partners. Our model provides a continuous link between models of matching with and without transfers. Taxes generate …

-finding rates. A search-matching model with endogenous separations and worker heterogeneity in terms of ability has difficulty in …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …