We present a tractable, hybrid framework that nests random and perfectly directed search, in which workers are more likely to direct their search toward submarkets with higher returns, while still searching in inferior submarkets with positive probability. The choice of submarket is governed by...

We develop and estimate a dynamic model of household labor supply and SNAP participation that explains two empirical puzzles: incomplete program take-up despite substantial benefits, and minimal employment effects of SNAP work requirements despite the constraints they impose. Our model...

We present a tractable, hybrid framework that nests random and perfectly directed search, in which workers are more likely to direct their search toward submarkets with higher returns, while still searching in inferior submarkets with positive probability. The choice of submarket is governed by...

We study how individuals trade off outcome (what) and process (how) utility in highstakes strategic decisions. We exploit optimality conditions and high-frequency choices in professional tennis to derive nonparametric bounds on process utility and implement a structural approach to estimate...

Sorting among school teachers, whereby high-qualified school teachers often teach highachieving students, is well documented, but relatively little is known about how this sorting arises. Based on Danish administrative records, we formulate and estimate a semi-structural dynamic model of career...