Sorting through Search and matching models in economics

Hector Chade, Jan Eeckhout, Lones Smith

Research output: Contribution to journalArticle

30 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)493-544
Number of pages52
JournalJournal of Economic Literature
Volume55
Issue number2
DOIs
StatePublished - Jun 2017

ASJC Scopus subject areas

  • Economics and Econometrics

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