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Sorting Through Search and Matching Models in Economics

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. Green open access

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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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