resides in between the random matching and the directed search outcomes. The equilibrium that emerges from this middle ground …We present a theory of targeted search, where people with a finite information processing capacity search for a match … is inefficient relative to the constrained Pareto allocation. Our theory encompasses the outcomes of the random matching …

resides in between the random matching and the directed search outcomes. The equilibrium that emerges from this middle ground …We present a theory of targeted search, where people with a finite information processing capacity search for a match … is inefficient relative to the constrained Pareto allocation. Our theory encompasses the outcomes of the random matching …

first result shows that the economy always generates the right number of jobs. However, with random search firms under …-invest in capital due to a hold-up problem. In contrast, if workers can direct their search to firms with different capital …

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …

We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect …

This paper develops a dynamic model of consumer search that, despite placing very little structure on the dynamic … problem faced by consumers, allows us to exploit intertemporal variation in within-period price and search cost distributions … to estimate the population distribution from which consumers' search costs are initially drawn. We show that static …

of efficiency gains, namely lower search costs, better matching, and more intense product market price-competition.  A … monopolistic search engine charges advertisers too high a price, and has incentives to provide a suboptimal matching quality …Search engines enable advertisers to target consumers based on the query they have entered.  In a framework with …

presence of savvy consumers improves the deals available to non-savvy consumers in the market (the case of search externalities …