ABSTRACT

When we planned this project we decided to partition the voluminous equilibrium model literature into two parts. The first part would include those articles constructed before the matching innovation of Diamond, Mortensen, and Pissarides, and those designed after this innovation would comprise the second part. The first part was to be presented in Volume I, while the second part would be considered in Volume II. As time has passed, this division now seems inappropriate. Volume I includes an introduction and description of several key articles in the second part as well as those articles written before the matching breakthrough. Volume II will include a sample of the remaining matching literature together with more nonmatching research.