TITLE:
On the Usefulness of Search and Matching Models in Economics
AUTHORS:
Gaetano Lisi
KEYWORDS:
Matching Theory, Search Theory
JOURNAL NAME:
Theoretical Economics Letters,
Vol.11 No.3,
June
15,
2021
ABSTRACT: Nowadays, the search and matching models are the
primary and most popular theoretical tools used by economists to study all the
“matching markets”, not only the labour market. The benefit of using these
models is discussed in this theoretical economics letter. Indeed, in addressing
an important and recent economic issue, the standard and basic model in the
style of Pissarides is used with no substantial changes.