Christoffel, Kai; Costain, James; De Walque, Gregory - 2009
same new price p t. Pro�t maximisation results in the following �rst-order condition
Et
1X
j=0
t;t+j p j yt+j(i)p
t+j
p …
surplus of the match among the two parties. In particular, even when �xing the average hourly wage
rate, this does not �x the …