Two-Sided Search with Nontransferable Utility
研究了效用不可完全转移的双边搜索模型，发现即使匹配技术规模报酬不变，模型仍存在多重均衡，并给出了保证均衡唯一性的条件。
We analyze a two-sided search model in which we assume utility is not perfectly transferable. Except for this assumption the model is standard, yet it generates results that are quite different from those obtained in models with transferable utility. In particular, the model has multiple equilibria, even with constant returns to scale in the meeting technology. We also provide conditions to guarantee uniqueness in equilibrium search models with or without transferable utility. These conditions apply even with increasing returns in the meeting technology. Examples and applications are discussed.Journal of Economic LiteratureClassification Numbers: C78, D83.