The economics of search
By: McCall, Brian Patrick
Title By: McCall, John Joseph
Material type: BookSeries: Publisher: London : Routledge, 2014.Description: xxii, 551 p. : ill. ; 24 cm.ISBN: 9780415753982; 9780415299923 (hardcover); 0203496035 (e-book); 9780203496039 (e-book)Subject(s): Economics -- Mathematical models | Search theoryDDC classification: 330.01/1 Online resources: Location MapItem type | Home library | Call number | Status | Date due | Barcode | Item holds |
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REGULAR | University of Wollongong in Dubai Main Collection | 330.011 MC EC (Browse shelf) | Available | T0034175 |
, Shelving location: Main Collection Close shelf browser
330.01 RE ER Error in economics : | 330.01 SY FU Further mathematics for economic analysis / | 330.011 FR EX Experimental methods : | 330.011 MC EC The economics of search | 330.011 SE DY Dynamics of data envelopment analysis : | 330.0112 AD VA Advances in business and management : | 330.0112 BA SE The secrets of economic indicators : |
Includes bibliographical references (p. [506]-539) and index.
Mathematical methods -- The history and evolution of sequential analysis -- The basic sequential search model and its ramifications -- Estimation methods for duration models -- Unemployment, unemployment insurance and sequential job search -- Job search in a dynamic economy -- Expected utility maximizing job search -- Multi-armed bandits and their economic applications -- A sample of early response to Diamond's paradox and Rothschild's complaint -- Equilibrium search after the Diamond-Mortensen-Pissarides breakthrough -- Structural estimation methods -- The ubiquity of search -- Topics for further inquiry.
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.