A Theory of Targeted Search

Paulina Restrepo-Echavarria, Antonella Tutino and Anton Cheremukhin
Additional contact information
Antonella Tutino: Federal Reserve Bank of Dallas

No 664, 2013 Meeting Papers from Society for Economic Dynamics

Abstract: We develop a model of matching where participants have finite information processing capacity. The equilibrium of our model covers the middle ground between the equilibria of random matching and the directed search literatures and reproduces them as limiting cases. Our theory of targeted search generates a unique equilibrium which is generally inefficient.

Date: 2013
New Economics Papers: this item is included in nep-dge and nep-mic
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Citations: View citations in EconPapers (5)

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Working Paper: A theory of targeted search (2014)
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