DGPE PhD course: Directed Search

23-25 October 2017. Lecturer: Professor Randall Wright, University of Wisconsin-Madison

2017.06.13 | Solveig Nygaard Sørensen

Date Mon 23 Oct Wed 25 Oct
Time 09:00    16:00
Location Aarhus BSS, Fuglesangs Allé 4, 8210 Aarhus V

Course description

This course provides an introduction to the literature on directed/competitive search, covering theory and applications in, e.g., labor, housing and monetary economics. These models share features with traditional search theory, yet differ in important ways. They share features with general equilibrium theory, but with explicit frictions. Equilibria are typically efficient, in part because markets price goods plus the time required to get them. The approach is tractable and arguably realistic. Results are presented for finite and large economies. Private information and sorting with heterogeneity are analyzed. Some evidence is discussed. While emphasizing issues and applications, we also provide several hard-to-find technical results.

Approximately 15 hours


Course fees
The course is free of charge for:

  • DGPE members from AU, KU, CBS, SDU
  • PhD students from Economics Departments at Nordic universities outside Denmark.

The course fee is EUR300 for other participants.

Contact information

Professor Bent Jesper Christensen, bjchristensen@econ.au.dk 

Registration deadline 16 October 2017  

Registration no longer possible



Conference: Markets with Search Frictions

  • Read more about the conference here (link)
DGPE Courses