This essay surveys the literature on directed search and competitive search equilibrium,
covering theory and a variety of applications. These models share features with traditional …

This essay surveys the literature on directed/competitive search, covering theory and
applications in, eg, labor, housing and monetary economics. These models share features …

We consider a large market where auctioneers with private reservation values compete for
bidders by announcing cheap‐talk messages. If auctioneers run efficient first‐price auctions …

We provide a unified directed search framework with general production and matching
specifications that encompass most of the existing literature. We prove the existence of …

How much of residual wage dispersion can be explained by an absence of coordination
among firms? To answer, we construct a dynamic directed search model with identical …

We examine the effects of public policy parameters in a simple directed search model of the
labour market, and contrast them with those in standard random matching models with Nash …

Abstract Burdett, Shi and Wright (2001) offer a directed search model where the buyers
decide which seller to visit after observing the price each seller posts, and showed that there …

Directed search models are market games in which each firm announces a wage
commitment to attract a worker. Miscoordination among workers generates search frictions …

We examine the implications of changes in the skill distribution on the equilibrium matching
process and the job finding rate, using a directed search approach. Worker abilities are …

This essay surveys the literature on directed/competitive search, covering theory and
applications in, eg, labor, housing and monetary economics. These models share features …