existence and location of their previous supplier. New information is gathered via search or word-of-mouth communication. Market …

We analyze the welfare and employment effects of different wage bargaining regimes. Within the large firm search model …

; layoffs are random and beyond the worker s influence, while the re-employment chance is directly affected by search effort. We … characterize the worker s optimal savings and job-search behavior as well as the resulting consumption paths and wealth formation …. In general, all decisions will depend on the current level of wealth: First, the choice of search effort increases as …