Efficiency in a search and matching model with endogenous participation

We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect to market productivity, satisfying the Hosios rule leads to excessive vacancy creation.

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Year of publication:	2010
Authors:	Albrecht, James ; Navarro, Lucas ; Vroman, Susan
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 106.2010, 1, p. 48-50
Publisher:	Elsevier
Keywords:	Search Matching Efficiency Participation Hosios rule

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008474049