We analyze a directed search labor market. Firms compete for labor through public wage postings. Then, workers choose their search intensity by deciding how often and where to apply for a job. In the last stage of the interaction, firms and applicants are matched according to a stable...

It is well known that a monopolist selling a single good, say a painting, can extract higher rents running an auction-type mechanism rather than posting a fixed price. In competitive markets, for example selling used books on line, price posting is often more prevalent than auctions. While...