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Search theory at twenty-one

By Christopher Pissarides

Abstract

This paper reviews work in search theory, twenty-one years after the publication of the influential Phelps volume. It concentrates on work that builds on the concept of the matching function. It reviews the empirical foundations of the matching function, its implications for labour market equilibrium, in particular wage formation and employment dynamics, and suggests directions for future work

Topics: HB Economic Theory
Publisher: Centre for Economic Performance, London School of Economics and Political Science,
Year: 1992
OAI identifier: oai:eprints.lse.ac.uk:2245
Provided by: LSE Research Online
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