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. This book presents a comprehensive overview of the economic theory of search, from the classical model of job search formulated to the developments in equilibrium models of search. Series: Routledge Advances in Experimental and Computable Economics. Num Pages: 576 pages, 21 black & white illustrations, 4 black & white tables, 21 black & white line drawings. BIC Classification: KC. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 238 x 159 x 39. Weight in Grams: 976. . 2007. 1st Edition. hardcover. . . . .

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Bibliographic Details

Title: The Economics of Search (Routledge Advances in Experimental and Computable Economics)
Publisher: Routledge
Publication Date: 2007
Language: English
ISBN 10: 0415299926
ISBN 13: 9780415299923
Binding: Hardcover
Edition: 1st Edition
Condition: New

About this title

Synopsis

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 40 years ago to the recent developments in equilibrium models of search.

The book gives decision-theoretic foundations to seemingly slippery issues in labour market theory, estimation theory and economic dynamics in general, and surveys the entire field of the economics of search, including its history, theory, and econometric applications. Theoretical models of the economics of search are covered as well as estimation methods used in search theory and topics covered include job search, turnover, unemployment, liquidity, house selling, real options and auctions. The mathematical methods used in search theory such as dynamic programming are reviewed as well as structural estimation methods and econometric methods for duration models. The authors also explore the classic sequential search model and its extensions in addition to recent advances in equilibrium search theory.

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.

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