Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that … arise when meetings are actually multilateral. I analyze the magnitude of these frictions by presenting an equilibrium job … search model with an endogenous number of contacts. Workers contact firms by applying to vacancies, whereas firms contact …

Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that … arise when meetings are actually multilateral. I analyze the magnitude of these frictions by presenting an equilibrium job … search model with an endogenous number of contacts. Workers contact firms by applying to vacancies, whereas firms contact …

, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search … or more of the posted wages, i.e. search, before deciding where to apply. Both with homogeneous and heterogeneous forms …, and wages are depressed. As a result: (a) there is excessive entry of firms; and (b) because, in the absence of search …

frictionaffects network formation, while the second coordination friction affects networkclearing. We show that those frictions and …

When workers send applications to vacancies they create a bipartite network. Coordination frictions arise if workers … and firms only observe their own links. We show that those frictions and the wage mechanism are in general not independent … random search with ex post competition in wages leads to the maximum number of matches and is socially efficient in terms of …

frictionaffects network formation, while the second coordination friction affects networkclearing. We show that those frictions and …

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other … network clearing). We show that those frictions and the wage mechanism are in general not independent. Equilibria that exhibit …

When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … frictions and the wage mechanism are in general not independent. The wage mechanism determines both the distribution of networks …