Search and Matching

Topics Discussed in Class

• • Basic Search Model and Small Deviations.

  • Deterministic Matching Models.

  • Jovanovic Matching Model.

  • Equilibrium Search Models.

  • Survival Analyis.

  • Structural Estimation of Search Models.

Notes

Homework 4

Homework 4a

Readings Discussed in Class (in order of discussion)

• • Burdett, K. and K. Judd. (1983). "Equilibrium Price Dispersion." Econometrica. 51(4): 955-969.

  • Sargent, Thomas, "Search." from his textbook.

  • Flinn, Chris and James Heckman. (1982). "New Methods for Analyzing Structural Models of Labor Force Dynamics." Journal of Econometrics. 18(1): 115-168.

  • Heckman, James and Burton Singer (1984). "A Method for Minimizing the Impact of Distributional Assumptions in Econometric Models for Duration Data." Econometrica. 52(2): 271-320.

  • Canals-Cerda, Jose, and Steven Stern (1996). "Empirical Search Models." to appear in Search Theory and Unemployment: Theory, Empiricism, and Policy.

Extra readings

• • Heckman and Singer (1984). "Econometric Duration Analysis." Journal of Econometrics. 24(1): 63-132.

  • Jovanovic, Boyan (1979). "Job Matching and the Theory of Turnover." Journal of Political Economy. 87(5): 972-990.

  • Kiefer, Nicholas and George Neumann (1979). "An Empirical Job Search Model with a Test of the Constant Reservation Wage Hypothesis." Journal of Political Economy. 87(1): 89-107.

  • Rothschild, Michael (1973). "Models of Market Organization with Imperfect Information: A Survey." Journal of Political Economy. 81(6): 1283-1308.