Topics in Search Theory
The aim of the course is to give the students an introduction to search theory with applications particularly to labor economics, but also to macroeconomics, industrial organization, housing economics, and financial economics.
In the first part of the course, the main search models of the labor market are discussed. These include the Diamond- Mortensen- Pissarides model, the Lucas and Prescott model, the Jovanovic model, and the Burdett- Mortensen model. Then we look at various extensions of the models with applications to product market search, monetary theory, financial markets and housing.
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