We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …

, using a dynamic search and matching model a la Mortensen and Pissarides (1994), we show that it may be not any more the case …

We extend the standard textbook search and matching model by introducing deep habits in consumption. The cyclical … cycles ; labour market fluctuations ; search and matching ; wage bargaining …

search-matching models of the labor market. This 'intertemporal surplus sharing' (ISS) solution is usually defended as the … argue that such extreme assumptions on the risk of breakdown during disagreement are unattractive in the context of a search …-matching model. We then show that ISS arises for arbitrary breakdown rates if agents can precommit to search during disagreement …

markets with wage bargaining. We develop a simple extension of the standard search model à la Pissarides (2000) with formal …, or costs associated with red tape and bureaucratic extortion (bribing). Search frictions introduce rent sharing between …

We study a search model where workers can send multiple applications to high and low productivity firms. Firms that …, the equilibrium outcomes are the same under directed and random search. Allowing for free entry creates a second source of … inefficiency. -- directed search ; efficiency ; coordination frictions …