Frictional Matching Models

This article reviews the developments in frictional matching models from 1990 to 2010, exploring how search frictions skew the matches that occur. This research succeeded by exploiting new tools from monotone methods under uncertainty. Seeing how this journey plays out is instructive in itself for economic theory. The article also describes in detail the different attacks on the existence of equilibrium required for these search and matching models.

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Year of publication:	2011
Authors:	Smith, Lones
Published in:	Annual Review of Economics. - Annual Reviews, ISSN 1941-1383. - Vol. 3.2011, 1, p. 319-338
Publisher:	Annual Reviews
Subject:	search \| assortative matching \| supermodular \| marriage \| discrimination

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Extent:	application/pdf
Type of publication:	Article
Classification:	D83 - Search, Learning, Information and Knowledge ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010604263