I show that the continuous choice version of the low skill trap model of Burdett and Smith (2002) has a unique equilibrium if the matching function has constant returns to scale with respect to unemployment and vacancies. If the returns are not constant, a unique equilibrium exists if the...

I study an economy where sellers choose locations, and buyers choose which location to visit. All sellers in one location correspond to the Walrasian market while each seller in a separate location corresponds to the standard random matching model. Trades are consummated in auctions, and it...