General Equilibrium Wage and Price Distributions
将搜索市场均衡模型扩展到一般均衡框架，证明存在退化均衡和两点离散均衡，对研究价格与工资分布的经济学者有参考价值。
This paper extends models of search market equilibrium to incorporate general-equilibrium considerations. The model we treat is one with a single product market and a single labor market. An equilibrium distribution of prices and wages is the result of optimal price- and wage-setting behavior by firms in conjunction with optimal search by individuals. We prove the existence of a degenerate equilibrium and of a two-point dispersion equilibrium.