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 …

This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … 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 chapter assesses how models with search frictions have shaped our understanding of aggregatelabor market outcomes … market outcomes for a large set of OECD countries. We thenask how models with search improve our understanding of these data …. Our results are mixed. Searchmodels are useful for interpreting the behavior of some additional data series, but search …

as women, tend to systematically demand lower wages. Also, we find that workers with high wage demands are contacted by …

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

low skilled marginal tax is ambiguous. With wages determined by bargaining between firm and worker the results are changed …The paper extends the basic Stiglitz (1982) model of optimal income taxation into general search equilibrium. When we … mechanisms arise. When wages are fixed we find that a work hour effect gives the government incentives to lower the marginal tax …

The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … as random shocks to individual utility functions, interacts with individual search and labor supply decisions and … unemployed worker may prefer nonparticipation if the disutility of search is amplified by sickness. The decisions governing labor …

monitoring and sanctions restores search incentives most effectively, since it brings additional incentives to search actively so …

decrease as the level of earnings rises. The framework is a search equilibrium model where wages are determined by Nash … bargaining between firms and workers, job search intensity is endogenous and workers are heterogeneous. The analysis suggests …

that the case for imposing a penalty on less active job search is fairly solid. A growing number of empirical studies …