We use the supply chain matching framework to study the effects of firm exit. We show that the exit of an initial …

We introduce a matching model in which agents engage in joint ventures via multilateral contracts. This approach allows … us to consider production complementarities previously outside the scope of matching theory. We show analogues of the …

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …