make investments before matching in a competitive market. We introduce the notion of premune-ation values—the values to the …

prevalence of social networks in job search there is as yet no consensus on the mechanisms for why referrals are so important: an …

The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … model, often implausibly strong conditions are required. This paper shows that, once signals are introduced, a search model … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is …

A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers … equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … estimated parameter values welfare is improved if unemployed workers increase their search intensity. …

We prove existence of steady-state equilibrium in a class of matching models with search frictions. …

decrease as the level of earnings rises. The framework is a search equilibrium model where wages are determined by Nash … bargaining between firms and workers, job search intensity is endogenous and workers are heterogeneous. The analysis suggests …

first result shows that the economy always generates the right number of jobs. However, with random search firms under …-invest in capital due to a hold-up problem. In contrast, if workers can direct their search to firms with different capital …