TY - JOUR
T1 - Sorting through Search and matching models in economics
AU - Chade, Hector
AU - Eeckhout, Jan
AU - Smith, Lones
PY - 2017/6
Y1 - 2017/6
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
SN - 0022-0515
VL - 55
SP - 493
EP - 544
JO - Journal of Economic Literature
JF - Journal of Economic Literature
IS - 2
ER -