This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in … the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market … to reduce the amount of labor it hires. The combination of search complementarities and monopsony power induces a strong …

This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in … the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market …-productivity firms. The combination of search complementarities and monopsony power induce a strong "Matthew effect" that endogenously …

This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in … the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market …-productivity firms. The combination of search complementarities and monopsony power induce a strong "Matthew effect" that endogenously …

This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in … the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market … to reduce the amount of labor it hires. The combination of search complementarities and monopsony power induces a strong …