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 …

This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs …

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

Steady state equilibria in heterogeneous agent matching models with search frictions have been shown to exist in Shimer …

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

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. …