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I am wondering if there is any work in search models that discusses firm behaviors. Most common search models that I am familiar with talk about the job seeker's threshold rule. Is there any model that discusses similar firm threshold rule, in investment in capital, effort etc.

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The Neo-Schumpeterian literature models firm behavior with "an search and select" approach. Nelson and Winter (2009) where the pioneers in the subject, it is a pleasant and interesting reading.

Nelson, Richard R.; Winter, Sidney G. An evolutionary theory of economic change. Harvard University Press, 2009

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