Unobservable Investments, Trade Efficiency and Search Frictions

Holdups and Efficiency with Search Frictions

Holdups and Efficiency with Search Frictions Author(s): Daron Acemoglu and Robert Shimer Source: International Economic Review, Vol. 40, No. 4, Special Issue on Search, Matching and Related Topics (Nov., 1999), pp. 827-849 Published by: Blackwell Publishing for the Economics Department of the University of Pennsylvania and Institute of Social and Economic Research -Osaka University Stable URL: ...

Domestic Trade Frictions and Agriculture

I develop a model of heterogeneous land quality and study the relation between trade, farming productivity and welfare in Peru, where high domestic and international trade costs pose a major barrier to efficient farming. To quantify the model, I use a new dataset on spatially disaggregated crop prices, yields and land allocations. I then use the model to measure the welfare and productivity eff...

Trade, Size, and Frictions: the Gravity Model

Stable marriages and search frictions

Stable matchings are the primary solution concept for two-sided matching markets with nontransferable utility. We investigate the strategic foundations of stability in a decentralized matching market. Towards this end, we embed the standard marriage markets in a search model with random meetings. We study the limit of steady-state equilibria as exogenous frictions vanish. The main result is tha...

Markets with Search Frictions

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