24 August 2012
The Economics of Search and Matching
Search and matching problems are central to many economic questions regarding markets and social interactions. These questions range from figuring out the reasons for wage inequality to understanding why money is valued. Search and matching problems also introduce important trade-offs at the individual level - for example a woman might face a choice between a marriage with a less than ideal partner, in order to share the burden of early child rearing, or to wait for a better match with the associated costs of delaying her fertility. The decision to accumulate and develop firm specific human capital is a related (and much more market oriented) example. Department of Economics and Business.
John Kennes, Aarhus University
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