General Equilibrium with Real Time Search in Labor and Product Markets
研究经济主体在耗时搜索卖家和雇主的同时与现有伙伴交易的经济体。对称稳态均衡不存在，但非对称稳态均衡存在，其中大企业比小企业提供更高工资和更低价格，但利润更高，这些利润被视为优越市场地位的租金。
This paper is concerned with economies in which agents find sellers and employers in a time-consuming search process while they simultaneously trade with their current partners. A symmetric steady-state equilibrium does not exist, but asymmetric steady-state equilibria exist and are such that larger firms offer higher wages and charge lower prices than smaller firms, but still make more profits. These profits can be seen as rents from a superior market position. Copyright 1988 by University of Chicago Press.