Key points are not available for this paper at this time.
Part I of this survey presents a comprehensive and inte- grated analysis of job search. The labor market is characterized by incomplete information and search is conducted in an optimal manner. A variety of job search models are studied in this microeconomic setting. The paper contains a number of new results. Part 11 of the survey to appear in the September 1976 issue of Economic Inquiry addresses the empirical and policy implications of search theory.
Lippman et al. (Tue,) studied this question.