Abstract We develop a two-country, two-currency, search-theoretic model of monetary exchange, extending previous such …

We analyze models where agents search for partners to form relationships (employment, marriage, etc.), and may or may … not continue searching for different partners while matched. Matched agents are less inclined to search if their match … more inclined to search, potentially making instability a self-fulfilling prophecy. We show this can generate multiple …

search costs, plus more general matching and bargaining. This allows us to study many new issues, including entry, efficiency …

this is a channel through which inflation affects velocity and welfare. Monetary theory with endoge- nous search intensity … exchange and hence reduces search effort. We replace search intensity with a free entry (participation) decision for buyers - i …

. We begin assuming workers are ex ante heterogeneous, and highlight a flaw with this approach: if search is costly, the … search costs, and delivers equilibria equilibrium wage dispersion. However, we prove the law of two prices holds: generically …

We compare three pricing mechanisms for monetary economies: bargaining (search equilibrium); price taking (competitive … equilibrium); and price posting (competitive search equilibrium). We do this in a framework that, in addition to considering …

We extend simple search-theoretic models of crime, unemployment and inequality to incorporate on-the-job search. This … of crime, on-the-job search models are more relevant empirically as well as more interesting in terms of the types of …

We study the effects of inflation in models with various trading frictions. The framework is related to recent search …