A Search-Equilibrium Approach to the Micro Foundations of Macroeconomics

by Peter Diamond and Peter A. Diamond

This book presents the second in the renewed Wicksell Lecture Series, sponsored by the Swedish Economic Association. In it, Peter A. Diamond discusses search equilibrium as a framework for integrating micro and macroeconomics. He first presents a formal model which addresses the difficulty and cost of coordinating trade (finding a trade partner) and notes the impact of costly trade coordination on production decisions. He then relates the model to...

• Format: Hardcover
• Language: English
• ISBN: 026204076X
• ISBN13: 9780262040761
• Release Date: September 1984
• Publisher: MIT Press (MA)
• Length: 88 Pages