We study a matching model with heterogeneous agents, nontransferable utility and search frictions. Agents differ along …

The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor … theory allegedly fills this gap by encompassing apparent disequilibrium phenomena in the neoclassical equilibrium framework …. Taking up Lucas and Prescott (1974) as a primary example, we show that the neoclassical search theory cannot explain the …

model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations …

unique outcome, the worker-optimal matching. …

It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the … (weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for …-partner matching problem that includes two-sided matching problems as special cases. Under the same preference restriction, we also …

The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is …

We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function …

large capacity, can lead to a higher matching efficiency, but with a lower total welfare, compared to having many middlemen …

allow for ex post Bertrand competition generate the maximum matching on arealized network. …