Aggregation in economies with search frictions

DOI10.1016/j.jmateco.2021.102521zbMath1471.91232OpenAlexW3081684327MaRDI QIDQ2237885

Paulo Santos Monteiro, Nikolaos Kokonas

Publication date: 28 October 2021

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2021.102521

zbMATH Keywords

sunspotssearch frictionsindivisibilitiesgross worker flows

Mathematics Subject Classification ID

Labor markets (91B39)

Cites Work

• A three state model of worker flows in general equilibrium
• Indivisibilities, lotteries, and sunspot equilibria
• A market structure for an environment with heterogeneous job-matches, indivisible labor and persistent unemployment
• Decentralizing lottery allocations in markets with indivisible commodities
• Equilibrium prices when the sunspot variable is continuous.
• Lotteries, sunspots, and incentive constraints
• General Competitive Analysis in an Economy with Private Information
• Job Creation and Job Destruction in the Theory of Unemployment

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