Eeckhout, J;
Chade, H;
Smith, L;
(2017)
Sorting Through Search and Matching Models in Economics.
Journal of Economic Literature
, 55
(2)
pp. 493-544.
10.1257/jel.20150777.
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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.
| Type: | Article |
|---|---|
| Title: | Sorting Through Search and Matching Models in Economics |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1257/jel.20150777 |
| Publisher version: | http://doi.org/10.1257/jel.20150777 |
| Language: | English |
| Additional information: | Copyright © 2017 AEA. All rights reserved. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1517866 |
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