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来源类型Working Paper
规范类型报告
DOI10.3386/w23884
来源IDWorking Paper 23884
Directed Search: A Guided Tour
Randall Wright; Philipp Kircher; Benoit Julîen; Veronica Guerrieri
发表日期2017-10-02
出版年2017
语种英语
摘要This essay surveys the literature on directed/competitive search, covering theory and applications in, e.g., labor, housing and monetary economics. These models share features with traditional search theory, yet differ in important ways. They share features with general equilibrium theory, but with explicit frictions. Equilibria are typically efficient, in part because markets price goods plus the time required to get them. The approach is tractable and arguably realistic. Results are presented for finite and large economies. Private information and sorting with heterogeneity are analyzed. Some evidence is discussed. While emphasizing issues and applications, we also provide several hard-to-find technical results.
主题Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Money and Interest Rates ; Labor Economics ; Labor Compensation ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w23884
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/581556
推荐引用方式
GB/T 7714
Randall Wright,Philipp Kircher,Benoit Julîen,et al. Directed Search: A Guided Tour. 2017.
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