Cheremukhin, Anton; Restrepo-Echavarria, Paulina - 2022
propose a parsimonious search and matching model with two sided heterogeneity, where the choice of wage-setting protocol … wage-setting protocols if there is sufficient heterogeneity in match quality, search costs, or market tightness and that … labor market tightness and relative costs of search play a key role in the choice of the wage-setting mechanism. We validate …