Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 28 for “"Search frictions"”.
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Search Frictions in Macroeconomics
This dissertation explores the role of search frictions in macroeconomics and highlights how these frictions influence micro-level decisions which in turn affect aggregated outcomes. Chapter 1 examines how individuals entering the job market during a recession can suffer persistent wage losses. I …
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Essays on Financial and Labor Markets with Frictions
… to exploring financial and labor markets with frictions.</p><p>Chapter I: Unemployment and Capital Misallocation. The recent recession was associated not only with a marked disruption in the credit market, but also a sharp deterioration in labor market conditions, as evidenced by high …
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Essays on Bargaining and Markets
… any period. I show that, for sufficiently small search cost, all MPE are allocative efficient. The reasoning is conceptually distinct from the existing literature, and indispensable to models where players are allowed to exit the market amidst the game. Chapter 3: Redistributive Effects of Search …
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Three Essays in Asset Pricing and Investment
… that when Treasury securities go “off the run,” search frictions heighten and matching trades becomes more difficult. This event allows us to isolate the effects of search frictions on market quality and asset pricing. Price impact and the sensitivity of bid-ask spreads to trade size are …
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An Investigation Into The Relationship Between Wages, Mismatch, On-the-Job Search and Education
… skill mismatch and wages in a labour market with search frictions with on-the-job search. In the first paper, I used empirical techniques to look at the link between skill mismatch and wages. I found that over-education and mismatch is part of a career mobility or job-to-job transition in the …
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Why Don't Small-Scale Producers Supply French Bean Export Markets in Kenya?
… imperfect contract enforcement, partner search frictions, and limited persistent benefits from contracting - which may help deter small-scale producers from participating in the market.
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Bank Lending and Relationship Capital
… lending relationships in an economy subject to search frictions and limited enforceability. The model features a dynamic contracting problem embedded within a directed search equilibrium with aggregate and bank-specific uncertainty. The interaction between search and agency frictions generates a …
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Business cycle, reallocation of labor and asset prices
… In this paper I build a theoretical model with search frictions in the labor market, that is consistent with this observation, and study implications of search and match frictions for the cross section of stock returns. In the model firms having more growth opportunities benefit from recessions …
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Essays on markets and information
… effect). I embed the relationship game in a search market equilibrium where market opportunities for both parties depend on search frictions and market thickness.
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Three essays on the economics of water management in agriculture
… study of the role of trading ratios and search frictions in a groundwater market with spatial externalities. Econometric results suggest that the use of trading ratios can indeed provide incentives for market participants to reallocate resources in a way that reduces spatial …
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Essays on Macroeconomics with Financial Frictions
… economic mechanisms through which financial frictions affect the aggregate economy over the business cycle and along the path of economic development. There are three chapters in this dissertation. In each chapter, a theoretical model is constructed based on motivating empirical facts, …
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Essays in macroeconomics and unemployment
Conventional DSGE models that include labor search-and-matching frictions assume that only unemployed workers are job seekers. Without taking the behavior of employed job seekers into account, these standard models overestimate the true magnitude of fluctuations in the entire population of job …
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Three essays in corporate finance
… in an economy featuring two-sided labor market search frictions. I nest a canonical asset pricing and capital structure model in the spirit of Leland (1994) into a competitive searching and bargaining environment in the spirit of Diamond-Mortensen-Pissarides. I obtain highly tractable solutions …
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Essays in Development Economics and Trade
… chapter, written with Deivy Houeix, studies search and trust frictions, which have historically made it hard for small firms in lower-income countries to buy inputs from foreign markets. The growth in smartphone ownership and social media usage has the potential to alleviate these barriers. …
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Essays in Financial Economics
… results suggest that relationships reduce both search frictions and counter-party credit risk in the Chinese repo market. Chapter 2, “Retail Investors’ Ownership Breadth and Stock Returns,” analyzes the ownership breadth of different groups of retail investors and their predictive powers for …
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Essays In Labor Economics
… consistent with these facts. The model features search frictions, aggregate and idiosyncratic shocks, human capital, and an intensive margin. Productivity shocks differ in duration and magnitude, and when hit by an adverse temporary productivity shock, firms can curtail their losses by reducing …
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Inequality Under Frictional Labour Markets
… Chapter 1 investigates the implications of search frictions and human-capital accumulation for the equilibrium distribution of wages when firms invest optimally in match-specific productivity. Optimal investment choice is incorporated in a framework along the lines of (Burdett et al., 2011) …
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Essays on Firms and Technology in Development Economics
… of the world’s poorest regions, where economic research remains limited. Chapter 1: The first chapter investigates the idea that digital technologies have the potential to increase firm productivity. However, they often come bundled with data observability, which can be a double-edged sword. …
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Essays on the Microfoundations of Asset Liquidity and Resale Premia
… role of money and assets in models with trading frictions. The main focus of the chapter is on how liquidity and resale premia shape asset prices and monetary transmission. In frictionless Walrasian settings, neither money nor financial assets are essential for exchange, and asset values reflect …
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Essays on the Microfoundations of Asset Liquidity and Resale Premia
… role of money and assets in models with trading frictions. The main focus of the chapter is on how liquidity and resale premia shape asset prices and monetary transmission. In frictionless Walrasian settings, neither money nor financial assets are essential for exchange, and asset values reflect …
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