I examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly … social welfare increase as the consumers network becomes denser. These results are reverse when search costs are high. … search for price quotations and the information gathered are non-excludable along direct links. This allows me to explore the …

In this paper, we employ search theory as a micro-economic foundation for the wasteful commuting hypothesis. It is … argued that the commute of the self-employed is the result of a search process for vacant workplaces, whereas employees … search for vacant jobs through space. Because the arrival rate of workplaces is much higher than the arrival rate of jobs …

; 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 …

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