Eeckhout, Jan; Lindenlaub, Ilse - 2015
strategic complementarity between active on-the-job search and vacancy posting by firms: active search changes the number of … vacancy posting in turn makes costly on-the-job search more attractive, a self-fulfilling belief. The absence of on-the-job … search discourages vacancy posting, rendering costly on-the-job search unattractive. This model of multiple equilibria can …