The conventional search and matching model has been criticized for its inability to explain large cyclical volatility in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such volatility without assuming wage rigidity by showing that...

There is substantial heterogeneity in the gender gaps in unemployment across OECD countries. We incorporate labor market conditions, moral hazard and home production into a quantitative model of unemployment. The model can explain most of the gender gaps in unemployment across the OECD...

n an infinite horizon optimal control problem, the Hamiltonian vanishes at the infinite horizon, when the differential equation is autonomous. The integrand in the integral criterion may contain the time explicitly, but it has to satisfy certain integrability conditions. A generalization of...

Piecewise deterministic control problems are problems involving stochastic disturbance of a special type. In certain situations, in an otherwise deterministic control system, it may happen that the state jumps at certain stochastic points of time. Examples are sudden oil finds, or sudden...

In the past, environmental decision making has been based on analysis of policy options with respect to emission reduction, deposition or concentration of pollutants and the design of preventive strategies using disparate single-model and discipline results. It was impossible to obtain optimal...

The 1990 Canadian long-range transport of air pollutants and acid deposition report divided North America into 40 sources of emission and 15 sensitive receptor sites. For the purpose of national policy making and international negotiation, the use of these large sources and few receptors may...

In the past environmental management practices have been based on disparate analysis of the impacts of pollutants on selected components of ecosystems. However, holistic analysis of emission reduction strategies is necessary to justify that actions taken to protect the environment would not...

In the past environmental management practices have been based on disparate analysis of the impacts of pollutants on selected components of ecosystems. However, holistic analysis of emission reduction strategies is necessary to justify that actions taken to protect the environment would not...

The 1990 Canadian long-range transport of air pollutants and acid deposition report divided North America into 40 sources of emission and 15 sensitive receptor sites. For the purpose of national policy making and international negotiation, the use of these large sources and few receptors may...

How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi-experimental variation in internet use. This paper helps fill this gap using plausibly exogenous roll-out of broadband infrastructure in Norway, and comprehensive data on recruiters,...