Search with multiple attributes: Theory and empirics

Search with multiple attributes: Theory and empirics

Multiple attribute search is a central feature of economic life: we consider much more than price when purchasing a home, and more than wage when choosing a job. Nevertheless, while single attribute search problems have been studied extensively, little is known about optimal search in multiple attribute environments. I introduce a partial characterization of optimal sequential search in a probl...

Market Microstructure: Theory and Empirics

This paper reviews the literature on market microstructure. Particular emphasis is given to the research dealing with the impact that a speci c trading mechanism might have on price behaviour and with the comparison of the performance of alternative market structures. Theoretical models and empirical studies investigating their implications are explored. The major statistical properties and reg...

Social Interactions: Theory and Empirics

Biosimilars: Theory, Empirics, and Policy Implications

Skewed Wealth Distributions: Theory and Empirics

Invariably across a cross-section of countries and time periods, wealth distributions are skewed to the right displaying thick upper tails, that is, large and slowly declining top wealth shares. In this survey we categorize the theoretical studies on the distribution of wealth in terms of the underlying economic mechanisms generating skewness and thick tails. Further, we show how these mechanis...