Affiliation:
1. Department of Economics, Arizona State University.
2. Department of Economics UPF–ICREA–Barcelona GSE and University College London.
3. Department of Economics, University of Wisconsin–Madison.
Abstract
Toward understanding assortative matching, this is a self-contained introduction to research on search and matching. We first explore the nontransferable and perfectly transferable utility matching paradigms, and then a unifying imperfectly transferable utility matching model. Motivated by some unrealistic predictions of frictionless matching, we flesh out the foundational economics of search theory. We then revisit the original matching paradigms with search frictions. We finally allow informational frictions that often arise, such as in college-student sorting. (JEL C78, D82, D83, I23, J12)
Publisher
American Economic Association
Subject
Economics and Econometrics
Cited by
107 articles.
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