Search Theory

Search Theory

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. 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.show more

Product details

  • Paperback | 60 pages
  • 152 x 229 x 4mm | 100g
  • Plaispublishing
  • United States
  • English
  • black & white illustrations
  • 6136255626
  • 9786136255620