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Frictional Matching Models

Author

Listed:
  • Lones Smith

    (Economics Department, University of Wisconsin–Madison, Madison, Wisconsin 53706)

Abstract

This article reviews the developments in frictional matching models from 1990 to 2010, exploring how search frictions skew the matches that occur. This research succeeded by exploiting new tools from monotone methods under uncertainty. Seeing how this journey plays out is instructive in itself for economic theory. The article also describes in detail the different attacks on the existence of equilibrium required for these search and matching models.

Suggested Citation

  • Lones Smith, 2011. "Frictional Matching Models," Annual Review of Economics, Annual Reviews, vol. 3(1), pages 319-338, September.
  • Handle: RePEc:anr:reveco:v:3:y:2011:p:319-338
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-economics-111809-125046
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    Citations

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    Cited by:

    1. Lauermann, Stephan & Nöldeke, Georg, 2015. "Existence of steady-state equilibria in matching models with search frictions," Economics Letters, Elsevier, vol. 131(C), pages 1-4.
    2. Gavrilova, Evelina, 2019. "A partner in crime: Assortative matching and bias in the crime market," Journal of Economic Behavior & Organization, Elsevier, vol. 159(C), pages 598-612.
    3. Herrenbrueck, Lucas & Xia, Xiaoyu & Eastwick, Paul & Hui, Chin Ming, 2018. "Smart-dating in speed-dating: How a simple Search model can explain matching decisions," European Economic Review, Elsevier, vol. 106(C), pages 54-76.
    4. Lauermann, Stephan & Nöldeke, Georg, 2014. "Stable marriages and search frictions," Journal of Economic Theory, Elsevier, vol. 151(C), pages 163-195.
    5. Stephan Lauermann & Georg Nöldeke & Thomas Tröger, 2020. "The Balance Condition in Search‐and‐Matching Models," Econometrica, Econometric Society, vol. 88(2), pages 595-618, March.
    6. Navin Kartik & SangMok Lee & Daniel Rappoport, 2022. "Single-Crossing Differences in Convex Environments," Papers 2212.12009, arXiv.org, revised Jun 2023.
    7. Anjos, Fernando & Drexler, Alejandro, 2015. "Inter-company matching and the supply of informed capital," Journal of Economic Behavior & Organization, Elsevier, vol. 111(C), pages 119-136.
    8. Davi B. Costa, 2021. "Benefits of marriage as a search strategy," Papers 2108.04885, arXiv.org, revised Aug 2021.
    9. Leland D. Crane, 2014. "Firm Dynamics and Assortative Matching," Working Papers 14-25, Center for Economic Studies, U.S. Census Bureau.
    10. Alonso, Ricardo, 2014. "Recruitment and selection in organizations," LSE Research Online Documents on Economics 58673, London School of Economics and Political Science, LSE Library.
    11. Pierre-André Chiappori & Bernard Salanié, 2021. "Mating Markets," Working Papers 2021-016, Human Capital and Economic Opportunity Working Group.
    12. Ewens, Michael & Gorbenko, Alexander & Korteweg, Arthur, 2022. "Venture capital contracts," Journal of Financial Economics, Elsevier, vol. 143(1), pages 131-158.

    More about this item

    Keywords

    search; assortative matching; supermodular; marriage; discrimination;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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