Economics of Search

The economics of search is a prominent component of economic theory, and it has a richness and elegance that underpins a host of practical applications. In this book Brian and John McCall present a comprehensive overview of the economic theory of search, from the classical model of job search formulated forty years ago to the recent developments in equilibrium models of search.

List of contents

1. Introduction 2. Mathematical Methods 3. The History and Evolution of Sequential Analysis 4. The Basic Sequential Search Model and its Ramifications 5. Estimation Methods for Duration Models 6. Unemployment, Unemployment Insurance and Sequential Job Search 7. Job Search in a Dynamic Economy 8. Expected Utility Maximizing Job Search 9. Multi-armed Bandits and their Economic Applications 10. A Sample of Early Response to Diamond’s Paradox and Rothschild’s Complaint 11. Equilibrium Search after the Diamond-Mortensen-Pissarides Breakthrough 12. Structural Estimation Methods 13. The Ubiquity of Search 14. Topics for Further Inquiry

About the author

John McCall is Professor Emeritus of Economics at the University of California Los Angeles and University of California Santa Barbara and Brian McCall is Professor of Education & Professor of Economics at the University of Michigan, USA.

Summary

The economics of search is a prominent component of economic theory, and it has a richness and elegance that underpins a host of practical applications. In this book Brian and John McCall present a comprehensive overview of the economic theory of search, from the classical model of job search formulated forty years ago to the recent developments in equilibrium models of search.

Product details

• Authors: Brian McCall, Brian (University of Michigan Mccall, Brian Mccall Mccall, John McCall, McCall Brian, McCall John
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 03.04.2014
• EAN: 9780415753982
• ISBN: 978-0-415-75398-2
• No. of pages: 574
• Series: Routledge Advances in Experime; Routledge Advances in Experimental and Computable Economics; Routledge Advances in Experimental and Computable Economics; Routledge Advances in Experime
• Subjects: Social sciences, law, business > Business > Economics; Business & Economics / General, BUSINESS & ECONOMICS / Economics / General, Labour / income economics, Economic theory & philosophy, Labour Economics, Econometrics, Economic theory and philosophy, Econometrics and economic statistics