<p>Search and matching models are fairly standard in macroeconomics. I guess this is fair to say since <a href="https://www.nobelprize.org/prizes/economic-sciences/2010/press-release/" rel="nofollow noreferrer">Peter Diamond, Dale Mortensen, and Christopher Pissarides won the Nobel prize in 2010</a>. These are the names behind the canonical DMP model that most graduate students have to study in their first year. Although I am not a macroeconomist, I am confident to say that search models recognized as a key ingredient to explain unemployment in equilibrium. I suggest to watch the interview with Per Krusell on the Nobel prize homepage and read the <a href="https://www.nobelprize.org/prizes/economic-sciences/2010/advanced-information/" rel="nofollow noreferrer">scientific background</a>.</p>

CC BY-SA 4.0
2019-06-14T19:19:13.230Z
2019-06-14T19:19:13.230Z
Bayesian
<p>Specifically, I am looking for the standard neoclassical growth model, but the labour decision is based on either search or matching theory instead of a Walrasian labour mechanism.</p>

CC BY-SA 4.0
2021-11-11T23:31:37.467Z
I am currently looking for a similar model. Did you ever find some references? The closest I could come to is A three state model of worker flows in general equilibrium (Krusell, Mukoyama, Rogerson, Sahin), but they fail to include a matching function.
Alex Ruiz
<macroeconomics><labor-economics><economic-growth><unemployment><search-and-matching>
Has there been an applications of search and matching theory in the Neoclassical Growth Model?
Finalblue
# Has there been an applications of search and matching theory in the Neoclassical Growth Model?

(Asked by: username_0 on 2019-06-14)

Specifically, I am looking for the standard neoclassical growth model, but the labour decision is based on either search or matching theory instead of a Walrasian labour mechanism.

**Tags:** macroeconomics, labor-economics, economic-growth, unemployment, search-and-matching
> **Comments:**
> **username_1**: I am currently looking for a similar model. Did you ever find some references? The closest I could come to is A three state model of worker flows in general equilibrium (Krusell, Mukoyama, Rogerson, Sahin), but they fail to include a matching function.  

---

## 1 answers

### Answer by username_2 on 2019-06-14. Score: 1

Search and matching models are fairly standard in macroeconomics. I guess this is fair to say since [Peter Diamond, Dale Mortensen, and Christopher Pissarides won the Nobel prize in 2010](https://www.nobelprize.org/prizes/economic-sciences/2010/press-release/). These are the names behind the canonical DMP model that most graduate students have to study in their first year. Although I am not a macroeconomist, I am confident to say that search models recognized as a key ingredient to explain unemployment in equilibrium. I suggest to watch the interview with Per Krusell on the Nobel prize homepage and read the [scientific background](https://www.nobelprize.org/prizes/economic-sciences/2010/advanced-information/).


---

