Kandel, Eugene; Simhon, Avi - In: Journal of Labor Economics 20 (2002) 1, pp. 59-85
We present a model in which unemployed workers simultaneously sample n potential employers. By varying n, we nest search and Walrasian-type models of the labor market. We show that low values of n yield typical search equilibria: the wages are dispersed below the marginal productivity of labor....