profitability in the long run. The labor market is imperfectly competitive. I show that inefficient levels of firm entry will … generally exist. Whether under or over entry occurs is tightly related to the bargaining power of labor, but the logic behind my …

This paper studies the validity of the Friedman rule in a search model with divisible money and divisible goods in … the one emphasized in the labor-market literature. Buyers cannot obtain the full return that an additional unit of money …

Abstract This paper explores the efficiency of decentralized search behavior and matching patterns in a model with ex … inefficient in the absence of taxes, in contrast to known results on the efficiency of decentralized search models with … ante heterogeneity and a constant returns to scale search technology. We show that a linear tax or subsidy on search …

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 …

characteristics, demographic characteristics of consumers, and market structure on search costs and price dispersion. The findings … show that price dispersion is affected by search costs. The variables that increased relative price dispersion the most …

communication. The findings included scholars creating simple workflows for efficiency and collaboration and utilizing workarounds …