A theory of targeted search

Anton Cheremukhin, Paulina Restrepo-Echavarria and Antonella Tutino

No 1402, Working Papers from Federal Reserve Bank of Dallas

Abstract: We present a theory of targeted search, where people with a finite information processing capacity search for a match. Our theory explicitly accounts for both the quantity and the quality of matches. It delivers a unique equilibrium that resides in between the random matching and the directed search outcomes. The equilibrium that emerges from this middle ground is inefficient relative to the constrained Pareto allocation. Our theory encompasses the outcomes of the random matching and the directed search literature as limiting cases.

Keywords: matching; assignment; search; efficiency; information (search for similar items in EconPapers)
JEL-codes: C78 D83 E24 J64 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2014-02-13
New Economics Papers: this item is included in nep-dge, nep-mac, nep-mic and nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.dallasfed.org/-/media/documents/research/papers/2014/wp1402.pdf Full text (application/pdf)

Related works:
Working Paper: A Theory of Targeted Search (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:feddwp:1402

Ordering information: This working paper can be ordered from

DOI: 10.24149/wp1402

Access Statistics for this paper

More papers in Working Papers from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().