A comparison of research records of the current members of the 7 major economics departments in New Zealand, from 1990 onwards, using journal quality weights from the Laband and Piette (1994) study. The information, taken from the Econlit database, covers more than 500 economics journals, as of...

This paper presents a survey and evaluation of search-theoretic models of unemployment. Four distinct categories of search models are identified and discussed: sequential sampling, equilibrium search, the matching function approach, and directed search. Each of these approaches are compared and...

We examine the effects of public policy parameters in a simple directed search model of the labour market, and contrast them with those in standard random matching models with Nash bargaining. Both finite and limit versions of the directed search model are considered, and the value of the limit...

We examine the implications of worker heterogeneity on the equilibrium matching process, using a directed search model. Worker abilities are selected from a general distribution, subject to some weak regularity requirements, and the firms direct their job offers to workers. We identify...

We extend Armstrong’s (1996) result on exclusion in multi-dimensional screening models in two key ways, providing support for the view that this result is quite generic and applicable to many different markets. First, we relax the strong technical assumptions he imposed on preferences and...

This is an introduction and overview of the special issue on "Macroeconomics with frictions".