This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading … opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no … restriction on agent heterogeneity. In this context, a non-trivial, full trade search equilibrium is shown to exist, equilibria …

private information. Agents engage in costly search and meet randomly. The terms of trade are determined through a Bayesian … mechanism proposal game. The paper considers a market in steady state. As discounting and the fixed cost of search become small …

This paper shows that prices may be sticky when buyers must search to determine the current market price and there is …

The paper extends the basic Stiglitz (1982) model of optimal income taxation into general search equilibrium. When we …

Consider a marriage market with continuous-time two-sided search and transferable utility in which the match payoff … depends on age. This paper characterizes a set of payoff functions consistent with two salient marriage age patterns: (1 …) assortative matching by age, and (2) \differential age matching, a formalization of the age difference at marriage between men and …

In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married … more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes. …

of these custody law reforms on the incidence of marriage and divorce. Our identification strategy exploits the different … data suggest that the introduction of joint custody led to a long-run increase in marriage rates. There is no convincing … dampened the persistent downturn in marriage. Our empirical evidence is fully consistent with the supposition that these …

locals and immigrants to intermarry influences the culture and the national identity of the host country. We use a search …-theoretic approach to show that, even in situations where migrants and natives prefer to marry within their own community, the search …

. Motivated by these observations, we develop a life-cycle model with heterogeneous agents, marriage and divorce and use it to … study the impact of two mechanisms on labor supply: (i) differences in marriage stability and (ii) differences in tax … systems, and as we replace the U.S. divorce and marriage rates with their European equivalents. We find that the divorce and …