A Theory of Targeted Search

We develop a model of matching where participants have finite information processing capacity. The equilibrium of our model covers the middle ground between the equilibria of random matching and the directed search literatures and reproduces them as limiting cases. Our theory of targeted search generates a unique equilibrium which is generally inefficient.

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Year of publication:	2013
Authors:	Restrepo-Echavarria, Paulina ; Tutino, Antonella ; Cheremukhin, Anton
Institutions:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Series:	2013 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2013 SED Meeting Papers Number 664
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011081779