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040 _cIZA
100 _aMcCall, Brian Patrick
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100 _a McCall, John Joseph
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245 4 _aThe Economics of Search
260 _c2008
_bCRC Press,
_aLondon et al.,
300 _a551 pages
340 _hD8 13
490 _aRoutledge Advances in Experimental and Computable Economics
520 _aThe 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.
650 _amathematical model
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650 _asearch model
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650 _asequential analysis
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650 _aduration models
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650 _ajob search
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650 _amulti-armed bandits
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653 _aBusiness
653 _aEconomics
653 _aGeneral
856 _uhttps://www.crcpress.com/The-Economics-of-Search/McCall/p/book/9780415753982
_yPublisher's website
942 _cBO
_2ddc