This thesis consists of three essays that use search theory to study issues in monetary economics, asset pricing and labor economics.In the signaling mechanism, this ineffectiveness is more significant. The origin of ineffectiveness comes from the insurance effect which is beneficial for the lemon producers. In this essay I also examine how inflation changes the equilibrium.
|Title||:||Essays on Applied Search Theory: Money, Asset Prices, and Unemployment and Vacancies|
|Publisher||:||ProQuest - 2007|