Crossley, Thomas F. (contributor); Low, Hamish (contributor) - 2005
negative externality of search on the probability of other people �nding jobs.
These general equilibrium and externality e … unemployment
bene�ts.
We can interpret investment in a number of alternative ways: �rst, investment may be
search with recall (of … more
e� cient level of search.
For given values of r; u and b, we can now solve for A1 and I using equations (2) and
(4 …