Pricing and Matching with Frictions

By K. Burdett, Shouyong Shi, Randall Wright. Journal of Political Economy, 2001

578 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing

View Paper: https://www.semanticscholar.org/paper/bc12a1abd734a428ebf005c09f88da7478f41031

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Citations in the corpus

Adverse Selection and Liquidity Distortion (2011, unknown): “, Moen (1997), Burdett et al. (2001), Mortensen and Wright (2002) and Eeckhout and Kircher (2010)). Without asymmetric information on the common value, it is known that a fully separating equilibrium is always obtained regardless of whether the information on the private value is complete or asymmet”
Directed Search for Equilibrium Wage-Tenure Contracts (2009, methodology): “From now on, I will take M(q) as a primitive of the model and refer to it as the matching function.(6) To specify the properties of the matching function, let q(V ) ∈ [q, q̄] for all V , with 0 < q < q̄, where q̄ is an exogenous upper bound on q given by the matching function and q will be restricte”
Inflation and Unemployment in the Long Run (2011, unknown): “(2000), Burdett et al. (2001), Mortensen and Wright (2002), Rochteau and Wright (2005), Faig and Huangfu (2005) and Menzio (2007).”
A Directed Search Model of Inequality with Heterogeneous Skills and Skill-Biased Technology (2002, background): “That is, mixed matching is allowed at the aggregate level in Shi (2001) but not at the individual level.”
Efficiency of thin and thick markets (2016, unknown): “In a recent paper, Burdett et al. (2001) provide a matching model that exhibits decreasing return to scale.”
Signaling and Screening of Workers' Motivation (2007, background): “Our work is also related to the job search literature, in particular to directed search models (see e.g. Burdett, Shi, and Wright, 2001, and Shi, 2002).”
Liquidity: A New Monetarist Perspective (2017, background): “Also, note that while some directed search theory takes the matching technology as a primitive, this is not always the case — e.g., see Lagos (2000) or Burdett et al. (2001) for models where it is endogenous.”
Efficient Search on the Job and the Business Cycle (2011, unknown): “As is standard in models of directed search (e.g., Acemoglu and Shimer 1999; Burdett, Shi, and Wright 2001; Shi 2001), the planner will find it optimal to send workers in different employment states (i.e., unemployment and employment in a match of type z) to search in different locations but will…”
The Cyclical Behavior of Equilibrium Unemployment and Vacancies (2005, unknown): “If wages were more rigid, an increase in productivity would induce more vacancy creation and hiring workers and can increase their hiring rate by promising higher wages (Peters, 1991; Montgomery, 1991; Moen, 1997; Shimer, 1996; Burdett et al., 2001).”
Sorting and Decentralized Price Competition (2010, methodology): “(Also the differences in the value to program (4) across seller types in Yk vanish with increasing k, as used in the next step.”