Directed Search: A Guided Tour

Directed Search: A Guided Tour
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定向搜索:导游

DOI:
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发表时间:
2017
期刊:
影响因子:
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通讯作者:
Veronica Guerrieri
Veronica Guerrieri
中科院分区:
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文献类型:
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作者:
Randall Wright;Philipp Kircher;B. Julien;Veronica Guerrieri

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本文综述了有关定向/竞争搜索的文献,包括理论和应用,例如,劳动力、住房和货币经济学。这些模型与传统的搜索理论有共同的特征,但在重要方面有所不同。它们与一般均衡理论有着共同的特征,但有着明显的摩擦。均衡通常是有效的,部分原因是市场对商品定价加上获得商品所需的时间。这种方法是容易处理的,也可以说是现实的。结果是有限的和大的经济。分析了私有信息和异构排序问题。一些证据进行了讨论。在强调问题和应用的同时,我们还提供了几个难以找到的技术成果。
This essay surveys the literature on directed/competitive search, covering theory and applications in, e.g., labor, housing and monetary economics. These models share features with traditional search theory, yet differ in important ways. They share features with general equilibrium theory, but with explicit frictions. Equilibria are typically efficient, in part because markets price goods plus the time required to get them. The approach is tractable and arguably realistic. Results are presented for finite and large economies. Private information and sorting with heterogeneity are analyzed. Some evidence is discussed. While emphasizing issues and applications, we also provide several hard-to-find technical results.