Sorting through Search and matching models in economics

Hector Chade, Jan Eeckhout, Lones Smith

Research output: Contribution to journalArticle

18 Citations (Scopus)

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 1 2017

Fingerprint

Economics
Search and matching model
Paradigm
Transferable utility
Sorting
Matching model
Assortative matching
Search and matching
Search theory
Prediction
Search frictions
College students
Friction

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Sorting through Search and matching models in economics. / Chade, Hector; Eeckhout, Jan; Smith, Lones.

In: Journal of Economic Literature, Vol. 55, No. 2, 01.06.2017, p. 493-544.

Research output: Contribution to journalArticle

Chade, Hector ; Eeckhout, Jan ; Smith, Lones. / Sorting through Search and matching models in economics. In: Journal of Economic Literature. 2017 ; Vol. 55, No. 2. pp. 493-544.
@article{2db0766c5c1a4f8fad50706c2bcbce9f,
title = "Sorting through Search and matching models in economics",
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.",
author = "Hector Chade and Jan Eeckhout and Lones Smith",
year = "2017",
month = "6",
day = "1",
doi = "10.1257/jel.20150777",
language = "English (US)",
volume = "55",
pages = "493--544",
journal = "Journal of Economic Literature",
issn = "0022-0515",
publisher = "American Economic Association",
number = "2",

}

TY - JOUR

T1 - Sorting through Search and matching models in economics

AU - Chade, Hector

AU - Eeckhout, Jan

AU - Smith, Lones

PY - 2017/6/1

Y1 - 2017/6/1

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=85020430667&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85020430667&partnerID=8YFLogxK

U2 - 10.1257/jel.20150777

DO - 10.1257/jel.20150777

M3 - Article

AN - SCOPUS:85020430667

VL - 55

SP - 493

EP - 544

JO - Journal of Economic Literature

JF - Journal of Economic Literature

SN - 0022-0515

IS - 2

ER -