Competitive search equilibrium

被引:347
|
作者
Moen, ER
机构
[1] Found. Res. in Econ. and Bus. Admin., Oslo
关键词
D O I
10.1086/262077
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, I construct an equilibrium for markets with frictions, which is competitive in the sense that all agents are price takers and maximize utility subject to a set of market parameters. I show that the equilibrium allocation is socially optimal. I also show how the competitive search equilibrium can be achieved if employers with vacancies can advertise publicly the wages they pay.
引用
收藏
页码:385 / 411
页数:27
相关论文
共 50 条
  • [1] Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium
    Rocheteau, G
    Wright, R
    [J]. ECONOMETRICA, 2005, 73 (01) : 175 - 202
  • [2] Incentives in Competitive Search Equilibrium
    Moen, Espen R.
    Rosen, Asa
    [J]. REVIEW OF ECONOMIC STUDIES, 2011, 78 (02): : 733 - 761
  • [3] Competitive equilibrium with search frictions: A general equilibrium approach
    Jerez, Belen
    [J]. JOURNAL OF ECONOMIC THEORY, 2014, 153 : 252 - 286
  • [4] The threat of counterfeiting in competitive search equilibrium
    Shao, Enchuan
    [J]. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2014, 47 : 168 - 185
  • [5] Adverse Selection in Competitive Search Equilibrium
    Guerrieri, Veronica
    Shimer, Robert
    Wright, Randall
    [J]. ECONOMETRICA, 2010, 78 (06) : 1823 - 1862
  • [6] Competitive pricing and efficiency in search equilibrium
    Mortensen, DT
    Wright, R
    [J]. INTERNATIONAL ECONOMIC REVIEW, 2002, 43 (01) : 1 - 20
  • [7] INFLATION AND UNEMPLOYMENT IN COMPETITIVE SEARCH EQUILIBRIUM
    Dong, Mei
    [J]. MACROECONOMIC DYNAMICS, 2011, 15 : 252 - 268
  • [8] Directed Search and Competitive Search Equilibrium: A Guided Tour
    Wright, Randall
    Kircher, Philipp
    Julien, Benoit
    Guerrieri, Veronica
    [J]. JOURNAL OF ECONOMIC LITERATURE, 2021, 59 (01) : 90 - 148
  • [9] Competitive-search equilibrium in monetary economies
    Faig, Miquel
    Huangfu, Xiuhua
    [J]. JOURNAL OF ECONOMIC THEORY, 2007, 136 (01) : 709 - 718
  • [10] Inflation and Welfare in a Competitive Search Equilibrium with Asymmetric Information
    Carbonari, Lorenzo
    Mattesini, Fabrizio
    Waldmann, Robert J.
    [J]. JOURNAL OF MONEY CREDIT AND BANKING, 2023, 55 (04) : 717 - 746