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The Research Agenda: Search Theory beyond the Matching Function

Shi, Shouyong - In: EconomicDynamics Newsletter 1 (2000) 2

Shouyong Shi is Associate Professor at the Department of Economics at Queen's University (Kingston, Canada). He has published extensively on search models, especially applied to monetary economics. His interests also include capital accumulation, specialization, and financial intermediation.

Persistent link: https://www.econbiz.de/10005069718

Frictional Assignment

Shi, Shouyong - Centre de Recherche sur l'Emploi et les Fluctuations … - 1998

quantitatively important for the wage function and wage distribution. <P> Ce papier étudie le processus coûteux en temps d … quantitativement important pour la fonction de salaire et la distribution des salaires. …

Persistent link: https://www.econbiz.de/10005827154

Customer Relationship and Sales

Shi, Shouyong - University of Toronto, Department of Economics - 2013

I analyze a search equilibrium in a large market where customer relationship based on past trade arises endogenously together with service priority and sales. Specifically, there exists a unique equilibrium where it is optimal for a buyer to make repeat purchases from the related seller and...

Persistent link: https://www.econbiz.de/10010897044

Money and specialization

Shi, Shouyong - In: Economic Theory 10 (1997) 1, pp. 99-133

This paper examines the relationship between specialization and the use of money in two versions of the search-theoretic monetary model. The first version establishes a surprising result that specialization is more likely to occur in a barter economy than in a monetary economy. The result is...

Persistent link: https://www.econbiz.de/10005597885

Market Integration, Matching and Wages

Cao, Melanie; Shi, Shouyong - Centre de Recherche sur l'Emploi et les Fluctuations … - 1999

When it is costly for agents to find a match, integrating small markets into a larger one increases the matching difficulty. We examine such dependence of the number of matches on the market size by explicitely modelling firms' attempt to attract workers by posting wages. It is shown that...

Persistent link: https://www.econbiz.de/10005168675

A Monetary Theory with Non-degenerate Distributions

Menzio, Guido; Shi, Shouyong; Sun, Hongfei - University of Toronto, Department of Economics - 2013

We construct and analyze a tractable search model of money with a non-degenerate distribution of money holdings … and provide conditions under which the steady-state distribution of buyers over money balances is non-degenerate. Moreover …, we analyze the properties of this distribution. …

Persistent link: https://www.econbiz.de/10010850128

A monetary theory with non-degenerate distributions

Menzio, Guido; Shi, Shouyong; Sun, Hongfei - In: Journal of Economic Theory 148 (2013) 6, pp. 2266-2312

Persistent link: https://www.econbiz.de/10011042978

A Monetary Theory with Non-Degenerate Distributions

Menzio, Guido; Shi, Shouyong; Sun, Hongfei - Department of Economics, University of Pennsylvania - 2011

with a non-degenerate distribution of money holdings. We assume search to be directed in the sense that buyers know the … distribution of individuals over money balances, although the distribution affects the aggregate activity by itself. Block … that a unique monetary steady state exists. Moreover, we provide conditions under which the steady-state distribution of …

Persistent link: https://www.econbiz.de/10008914107