{"id":"https://openalex.org/W2163047161","doi":"https://doi.org/10.1086/322835","title":"Pricing and Matching with Frictions","display_name":"Pricing and Matching with Frictions","publication_year":2001,"publication_date":"2001-10-01","ids":{"openalex":"https://openalex.org/W2163047161","doi":"https://doi.org/10.1086/322835","mag":"2163047161"},"language":"en","primary_location":{"id":"doi:10.1086/322835","doi":"https://doi.org/10.1086/322835","is_oa":false,"landing_page_url":"https://doi.org/10.1086/322835","pdf_url":null,"source":{"id":"https://openalex.org/S95323914","display_name":"Journal of Political Economy","issn_l":"0022-3808","issn":["0022-3808","1537-534X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","ki-jl-2","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Political Economy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5108251802","display_name":"Kenneth Burdett","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Kenneth Burdett","raw_affiliation_strings":["University of Essex"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Essex","institution_ids":["https://openalex.org/I110002522"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5029404992","display_name":"Shouyong Shi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I204722609","display_name":"Queen's University","ror":"https://ror.org/02y72wh86","country_code":"CA","type":"education","lineage":["https://openalex.org/I204722609"]},{"id":"https://openalex.org/I592451","display_name":"Indiana University","ror":"https://ror.org/01kg8sb98","country_code":"US","type":"education","lineage":["https://openalex.org/I592451"]}],"countries":["CA","US"],"is_corresponding":false,"raw_author_name":"Shouyong Shi","raw_affiliation_strings":["Queen's University and Indiana University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Queen's University and Indiana University","institution_ids":["https://openalex.org/I204722609","https://openalex.org/I592451"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5110289044","display_name":"Randall Wright","orcid":"https://orcid.org/0000-0002-3130-2816","observed_orcids":["https://orcid.org/0000-0002-3130-2816"]},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Randall Wright","raw_affiliation_strings":["University of Pennsylvania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Pennsylvania","institution_ids":["https://openalex.org/I79576946"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":38.4628,"has_fulltext":false,"cited_by_count":511,"citation_normalized_percentile":{"value":0.99735002,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":99,"max":100},"biblio":{"volume":"109","issue":"5","first_page":"1060","last_page":"1085"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.888700008392334,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.888700008392334,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10991","display_name":"Game Theory and Voting Systems","score":0.06759999692440033,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.006899999920278788,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/matching-frictions","display_name":"matching frictions","score":0.7310000061988831},{"id":"https://openalex.org/keywords/price-posting","display_name":"price posting","score":0.6890000104904175},{"id":"https://openalex.org/keywords/symmetric-equilibrium","display_name":"symmetric equilibrium","score":0.6769999861717224},{"id":"https://openalex.org/keywords/diminishing-returns","display_name":"diminishing returns","score":0.6110000014305115},{"id":"https://openalex.org/keywords/beveridge-curve","display_name":"Beveridge curve","score":0.8679999709129333},{"id":"https://openalex.org/keywords/labor-market-frictions","display_name":"labor market frictions","score":0.5479999780654907},{"id":"https://openalex.org/keywords/random-matching","display_name":"random matching","score":0.35600000619888306}],"concepts":[{"id":"https://openalex.org/C165064840","wikidata":"https://www.wikidata.org/wiki/Q1321061","display_name":"Matching (statistics)","level":2,"score":0.8208955526351929},{"id":"https://openalex.org/C2777027219","wikidata":"https://www.wikidata.org/wiki/Q1284190","display_name":"Constant (computer programming)","level":2,"score":0.6460970044136047},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6453993320465088},{"id":"https://openalex.org/C151201525","wikidata":"https://www.wikidata.org/wiki/Q177239","display_name":"Limit (mathematics)","level":2,"score":0.6149541735649109},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.6118481755256653},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.47504448890686035},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.46929532289505005},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.41208580136299133},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.1921456754207611},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.1439536213874817},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.06469917297363281},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1086/322835","doi":"https://doi.org/10.1086/322835","is_oa":false,"landing_page_url":"https://doi.org/10.1086/322835","pdf_url":null,"source":{"id":"https://openalex.org/S95323914","display_name":"Journal of Political Economy","issn_l":"0022-3808","issn":["0022-3808","1537-534X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","ki-jl-2","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Political Economy","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":27,"referenced_works":["https://openalex.org/W1563064289","https://openalex.org/W1567071685","https://openalex.org/W1804939085","https://openalex.org/W1973228838","https://openalex.org/W1990062288","https://openalex.org/W2002087861","https://openalex.org/W2008121102","https://openalex.org/W2015234679","https://openalex.org/W2031542759","https://openalex.org/W2032572898","https://openalex.org/W2042562410","https://openalex.org/W2048740434","https://openalex.org/W2051756297","https://openalex.org/W2056401733","https://openalex.org/W2082312367","https://openalex.org/W2086967887","https://openalex.org/W2101850706","https://openalex.org/W2110220527","https://openalex.org/W2128749569","https://openalex.org/W2129666687","https://openalex.org/W2133666991","https://openalex.org/W2157518489","https://openalex.org/W2533860356","https://openalex.org/W2891163017","https://openalex.org/W3123941400","https://openalex.org/W3124174306","https://openalex.org/W3124973903"],"related_works":["https://openalex.org/W3124025294","https://openalex.org/W1518382633","https://openalex.org/W2076212334","https://openalex.org/W2048740434","https://openalex.org/W3123351547","https://openalex.org/W1559903086","https://openalex.org/W2057349490","https://openalex.org/W2058806426","https://openalex.org/W7095155283","https://openalex.org/W2043575856"],"abstract_inverted_index":{"Suppose":[0],"that":[1,92],"n":[2,67,75],"buyers":[3,25,38,44],"each":[4,11],"want":[5],"one":[6,13,35],"unit":[7],"and":[8,23,37,60,68,70,76,102],"m":[9,69,77],"sellers":[10,32],"have":[12],"or":[14,42],"more":[15,41],"units":[16],"of":[17],"a":[18,48],"good.":[19],"Sellers":[20],"post":[21,34],"prices,":[22],"then":[24],"choose":[26],"sellers.":[27],"In":[28],"symmetric":[29],"equilibrium,":[30],"similar":[31],"all":[33],"price,":[36],"randomize.":[39],"Hence,":[40],"fewer":[43],"may":[45],"arrive":[46],"than":[47],"seller":[49],"can":[50],"accommodate.":[51],"We":[52,56,90],"call":[53],"this":[54],"frictions.":[55],"solve":[57],"for":[58,65,105],"prices":[59],"the":[61,72,93,98,106],"endogenous":[62],"matching":[63,80,95],"function":[64,81,96],"finite":[66],"consider":[71],"limit":[73],"as":[74],"grow.":[78],"The":[79],"displays":[82],"decreasing":[83],"returns":[84],"but":[85],"converges":[86],"to":[87],"constant":[88],"returns.":[89],"argue":[91],"standard":[94],"in":[97],"literature":[99],"is":[100],"misspecified":[101],"discuss":[103],"implications":[104],"Beveridge":[107],"curve.":[108]},"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":13},{"year":2024,"cited_by_count":17},{"year":2023,"cited_by_count":12},{"year":2022,"cited_by_count":13},{"year":2021,"cited_by_count":19},{"year":2020,"cited_by_count":20},{"year":2019,"cited_by_count":17},{"year":2018,"cited_by_count":21},{"year":2017,"cited_by_count":27},{"year":2016,"cited_by_count":22},{"year":2015,"cited_by_count":33},{"year":2014,"cited_by_count":28},{"year":2013,"cited_by_count":23},{"year":2012,"cited_by_count":30}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}
