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Peter Diamond has made fundamental contributions to economic theory over a wide range of areas including search theory …
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Discouragement is a process occurring during an unemployment spell. As the spell prolongs, an individual gradually realises that the returns to search can no longer outweigh search costs, and hence she may eventually leave the labour force. This is analysed theoretically in a framework of...
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Interdiction operations involving search, identification, and interception of suspected objects are of great interest and high operational importance to military and naval forces as well as nation’s coast guards and border patrols. The interdiction scenario discussed in this paper includes an...
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matching technology. Building on the theoretical framework set forth by Giammarioli (2003), I argue that increasing returns … the social elasticity of the matching function with respect to unemployment. …
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In this paper I argue that search theory is a useful addition to the way economists and geographers have approached the … decentralized employment the spatial search model predicts excess commuting. Search theory also suggests that regression towards the …
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