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- Search_theory abstract "In microeconomics, search theory studies buyers or sellers who cannot instantly find a trading partner, and must therefore search for a partner prior to transacting.Search theory has been influential in many areas of economics. It has been applied in labor economics to analyze frictional unemployment resulting from job hunting by workers. In consumer theory, it has been applied to analyze purchasing decisions. From a worker's perspective, an acceptable job would be one that pays a high wage, one that offers desirable benefits, and/or one that offers pleasant and safe working conditions. From a consumer's perspective, a product worth purchasing would have sufficiently high quality, and be offered at a sufficiently low price. In both cases, whether a given job or product is acceptable depends on the searcher's beliefs about the alternatives available in the market.More precisely, search theory studies an individual's optimal strategy when choosing from a series of potential opportunities of random quality, under the assumption that delaying choice is costly. Search models illustrate how best to balance the cost of delay against the value of the option to try again. Mathematically, search models are optimal stopping problems.Macroeconomists have extended search theory by studying general equilibrium models in which one or more types of searchers interact. These macroeconomic theories have been called 'matching theory', or 'search and matching theory'.".
- Search_theory wikiPageID "12487279".
- Search_theory wikiPageLength "9766".
- Search_theory wikiPageOutDegree "44".
- Search_theory wikiPageRevisionID "613415643".
- Search_theory wikiPageWikiLink Category:Labor_economics.
- Search_theory wikiPageWikiLink Category:Microeconomics.
- Search_theory wikiPageWikiLink Christopher_A._Pissarides.
- Search_theory wikiPageWikiLink Compensating_differential.
- Search_theory wikiPageWikiLink Consumer_choice.
- Search_theory wikiPageWikiLink Consumer_theory.
- Search_theory wikiPageWikiLink Dale_Mortensen.
- Search_theory wikiPageWikiLink Dale_T._Mortensen.
- Search_theory wikiPageWikiLink Economic_model.
- Search_theory wikiPageWikiLink Frictional_unemployment.
- Search_theory wikiPageWikiLink General_equilibrium.
- Search_theory wikiPageWikiLink General_equilibrium_theory.
- Search_theory wikiPageWikiLink George_J._Stigler.
- Search_theory wikiPageWikiLink George_Stigler.
- Search_theory wikiPageWikiLink Gittins_index.
- Search_theory wikiPageWikiLink Information_economics.
- Search_theory wikiPageWikiLink Job.
- Search_theory wikiPageWikiLink Job_hunting.
- Search_theory wikiPageWikiLink John_J._McCall.
- Search_theory wikiPageWikiLink Labor_economics.
- Search_theory wikiPageWikiLink Labour_economics.
- Search_theory wikiPageWikiLink Law_of_one_price.
- Search_theory wikiPageWikiLink Macroeconomic_model.
- Search_theory wikiPageWikiLink Macroeconomics.
- Search_theory wikiPageWikiLink Matching_theory_(economics).
- Search_theory wikiPageWikiLink Matching_theory_(macroeconomics).
- Search_theory wikiPageWikiLink Microeconomics.
- Search_theory wikiPageWikiLink Model_(economics).
- Search_theory wikiPageWikiLink Multi-armed_bandit.
- Search_theory wikiPageWikiLink Nobel_Memorial_Prize_in_Economic_Sciences.
- Search_theory wikiPageWikiLink Nobel_prize_in_economics.
- Search_theory wikiPageWikiLink Optimal_stopping.
- Search_theory wikiPageWikiLink Option_(finance).
- Search_theory wikiPageWikiLink Peter_A._Diamond.
- Search_theory wikiPageWikiLink Peter_Diamond.
- Search_theory wikiPageWikiLink Price_dispersion.
- Search_theory wikiPageWikiLink Probability_distribution.
- Search_theory wikiPageWikiLink Real_options_analysis.
- Search_theory wikiPageWikiLink Real_options_valuation.
- Search_theory wikiPageWikiLink Reservation_price.
- Search_theory wikiPageWikiLink Reservation_wage.
- Search_theory wikiPageWikiLink Risk_aversion.
- Search_theory wikiPageWikiLink Search_cost.
- Search_theory wikiPageWikiLink Stochastic.
- Search_theory wikiPageWikiLink Strategy_(game_theory).
- Search_theory wikiPageWikiLink Vacancy_(economics).
- Search_theory wikiPageWikiLink Variance.
- Search_theory wikiPageWikiLinkText "Optimal search".
- Search_theory wikiPageWikiLinkText "Search theory".
- Search_theory wikiPageWikiLinkText "job-market matching model".
- Search_theory wikiPageWikiLinkText "search economy".
- Search_theory wikiPageWikiLinkText "search friction".
- Search_theory wikiPageWikiLinkText "search frictions".
- Search_theory wikiPageWikiLinkText "search model".
- Search_theory wikiPageWikiLinkText "search theory".
- Search_theory wikiPageWikiLinkText "search".
- Search_theory wikiPageWikiLinkText "search-theoretic framework".
- Search_theory wikiPageWikiLinkText "searching".
- Search_theory wikiPageWikiLinkText "theory of search frictions".
- Search_theory hasPhotoCollection Search_theory.
- Search_theory wikiPageUsesTemplate Template:About.
- Search_theory wikiPageUsesTemplate Template:Citation_needed.
- Search_theory wikiPageUsesTemplate Template:Main.
- Search_theory subject Category:Labor_economics.
- Search_theory subject Category:Microeconomics.
- Search_theory type Article.
- Search_theory type Article.
- Search_theory type Microeconomic.
- Search_theory type Study.
- Search_theory comment "In microeconomics, search theory studies buyers or sellers who cannot instantly find a trading partner, and must therefore search for a partner prior to transacting.Search theory has been influential in many areas of economics. It has been applied in labor economics to analyze frictional unemployment resulting from job hunting by workers. In consumer theory, it has been applied to analyze purchasing decisions.".
- Search_theory label "Search theory".
- Search_theory sameAs Teoria_de_la_cerca.
- Search_theory sameAs Suchtheorie.
- Search_theory sameAs Thxc3xa9orie_de_la_recherche_demploi.
- Search_theory sameAs サーチ理論.
- Search_theory sameAs m.02w8kgn.
- Search_theory sameAs Q3526893.
- Search_theory sameAs Q3526893.
- Search_theory wasDerivedFrom Search_theory?oldid=613415643.
- Search_theory isPrimaryTopicOf Search_theory.