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Middlemen*

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A Shevchenko - International Economic Review, 2004 - Wiley Online Library
This article provides an equilibrium model of intermediation based on search theory.
Intermediaries, like retailers, buy goods from producers and sell them to consumers. The
number of intermediaries is endogenously determined by free entry. The size and ...
Cited by 62 - Related articles - BL Direct - All 9 versions

Globalization and firm level adjustment with imperfect labor markets

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C Davidson, SJ Matusz… - Journal of International …, 2008 - Elsevier
In a model with search generated unemployment and heterogeneity on both sides of the
labor market, exporting firms are bigger and pay higher wages than other firms. Moreover,
there is imperfect persistence in the decision to export and liberalization increases the ...
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[PDF] The search-theoretic approach to monetary economics: a primer

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P Rupert, M Schindler, A Shevchenko… - … -Federal Reserve Bank …, 2000 - clevelandfed.org
This paper presents some results in monetary theory derived using very simple game-
theoretic models of the exchange process. The underlying model is a variant of search
theory, a framework that has been used extensively in a wide variety of applications. This ...
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Outsourcing Peter to pay Paul: High-skill expectations and low-skill wages with imperfect labor markets

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C Davidson, SJ Matusz… - Macroeconomic …, 2008 - Cambridge Univ Press
Abstract In this paper, we investigate the impact of globalization on wages earned by low-
and high-skill workers when openness leads to the outsourcing of high-tech jobs abroad.
We have shown that low-skill workers may become considerably better off after ...
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A simple search model of money with heterogeneous agents and partial acceptability

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A Shevchenko… - Economic Theory, 2004 - Springer
Summary. Simple search models have equilibria where some agents accept money and
others do not. We argue such equilibria should not be taken seriously. This is unfortunate if
one wants a model with partial acceptability. We introduce heterogeneous agents and ...
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Heterogeneity and lotteries in monetary search models

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S Lotz, A Shevchenko… - Journal of Money, Credit …, 2007 - Wiley Online Library
We would like to thank Aleks Berentsen, Gabriele Camera, and Randy Wright for their comments
on this paper. We thank the Federal Reserve Bank of Cleveland and ERMES at Paris II for research
support. ... Received March 8, 2005; and accepted in revised form March 2, 2006.
Cited by 6 - Related articles - BL Direct - All 11 versions

Price dispersion, information and learning

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L Araujo… - Journal of Monetary Economics, 2006 - Elsevier
We consider an economy where trade is decentralized and agents have incomplete
information with respect to the value of money. Agents' learning evolves from private
experiences and we explore how the formation of prices interacts with learning. We show ...
Cited by 4 - Related articles - All 11 versions

Money and the Variety of Goods

K Burdett… - 2006 Meeting Papers, 2006 - ideas.repec.org
This information is provided to you by IDEAS at the Department of Economics, College of Liberal
Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the
Society for Economic Dynamics.
Cited by 2 - Related articles - Cached - All 4 versions

Intensive vs extensive margin tradeoffs in a simple monetary search model

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S Lotz, A Shevchenko… - Annales d'Economie et de Statistique, 2007 - JSTOR
We introduce ex-post heterogeneity into monetary search models with lotteries.
Heterogeneity allows lotteries over goods to exist in equilibrium. These lotteries over goods
create an intensive margin (expected production in a match) that is non-existent in all ...
Related articles - Get it from MIT Libraries - All 13 versions

[CITATION] RUSSIA ON THE PATH OF CHEMICAL DISARMAMENT

A Shevchenko - Defense & Security, 2007 - WPS Agency

Hatton, Timothy J. Ageing Dellis, Arnaud Agglomeration Economies Ono, Yukako

Y Kinoshita, A Shevchenko, B Caillaud, A Bequest… - Cambridge Univ Press
This section contains an index of cun-ent working papers by author-supplied keyword. The keyword
is followed by the name of the primary author. Long keywords have been truncated. A complete
bibliographic listing can be found by consulting the corresponding entry for the primary ...

[PDF] Size of Middleman in a Barter Economy Preliminary Paper

[PDF] from clevelandfed.org
A Shevchenko - 1999 - clevelandfed.org
Abstract This paper develops a model of intermediation in search environment with
complete information and explains the optimal choice of the size of a middleman in an
economy with an arbitrary finite number of goods. The model with linear storage cost ...
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[PDF] Money and Product Variety Preliminary Version

[PDF] from msu.edu
K Burdett… - 2007 - msu.edu
Abstract We analyze how the preference structure and the structure of production
possibilities in barter and monetary economies lead to a variety of distributions of favorite
and generic goods produced in the economy. Keywords: product variety, specialization, ...
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Prices, Information and Learning

A Shevchenko… - 2004 Meeting Papers, 2004 - ideas.repec.org
We consider an economy where trade is decentralized and agents have incomplete
information with respect to the value of money. Agents' learning evolves from private
experiences and we explore how the formation of prices interacts with learning. We show ...
Cached - All 4 versions

Intensive vs extensive margin tradeoffs in a simple monetary search model

L Sébastien, A SHEVCHENKO… - ideas.repec.org
This paper examines the consequences of model misspecification using a panel data model
with spatially autocorrelated disturbances. The performance of several maximum likelihood
estimators assuming different specifications for this model are compared using Monte ...
Cached - Get it from MIT Libraries

The Decision to Export in the Presence of Underemployment

[PDF] from cigilibrary.org
C Davidson, SJ Matusz… - 2009 - dspace.cigilibrary.org
In a model with search generated unemployment and heterogeneity on both sides of the
labor market, we show that firms that export will be bigger, more capital intensive and pay
higher wages than other firms. We also show that there will be imperfect persistence in the ...
Related articles - All 17 versions

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