Similar Search Results

Strategic wage setting and coordination frictions with multiple applications

Gautier, Pieter; Moraga-González, José Luis - 2004

We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...

Persistent link: https://www.econbiz.de/10011335208

Directed search in the housing market

Albrecht, James W.; Gautier, Pieter; Vroman, Susan B. - 2009

In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute … to the directed search literature by considering a model in which the asking price (i) entails only limited commitment …

Persistent link: https://www.econbiz.de/10011379608

Wages and employment in a random social network with arbitrary degree distribution

Ioannides, Yannis M.; Soetevent, Adriaan R. - 2006

Empirical studies of labor markets show that social contacts are an important source of job-related information [Ioannides and Loury (2004)]. At the same time, wage differences among workers may be explained only in part by differences in individual background characteristics. Such findings...

Persistent link: https://www.econbiz.de/10011348716

Simultaneous search and network efficiency

Gautier, Pieter; Holzner, Christian - 2011

Persistent link: https://www.econbiz.de/10009720781

Decision and strategies in a sequential search experiment

Sonnemans, Joep - 1997

The strategy method is becoming an important tool in experimentalmethodology. This study examines how well this method works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice solving the problem andformulating strategies, they play...

Persistent link: https://www.econbiz.de/10011283474

Oligopolistic competition in price and quality

Dubovik, Andrei; Janssen, Maarten C. W. - 2008

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...

Persistent link: https://www.econbiz.de/10011376636

Interest rate rules and macroeconomic stability under heterogeneous expectations

Anufriev, Mikhail; Assenza, Tiziana; Hommes, Cars H.; … - 2009

The recent macroeconomic literature stresses the importance of managing heterogeneous expectations in the formulation of monetary policy. We use a stylized macro model of Howitt (1992) to investigate inflation dynamics under alternative interest rate rules when agents have heterogeneous...

Persistent link: https://www.econbiz.de/10011378358

The economics of information in transport

Rietveld, Piet - 2010

the formulation of optimal strategies to acquire information. This will be done in the context of search strategies …

Persistent link: https://www.econbiz.de/10011382086

On the composition of committees

Beniers, Klaas J.; Swank, Otto H. - 2003

composed ofmembers with polarized preferences. Outliers have a strong incentive to search for information. …

Persistent link: https://www.econbiz.de/10011332816

The economic value of flexibility when there is disagreement

Boot, Arnoud W. A.; Thakor, Anjan V. - 2002

We develop an economic theory of “flexibility”, which we interpret as the discretion orability to make a decision that others disagree with. We show that flexibility is essentiallyan option for the decisionmaker, and can be valued as such. The value of the flexibilityoption is decreasing in...

Persistent link: https://www.econbiz.de/10011332819