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Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum …
Persistent link: https://www.econbiz.de/10005666625
who suffer involuntary layoffs. Matching and search-island models have labour market frictions and incomplete markets. The …
Persistent link: https://www.econbiz.de/10005123618
We analyze models where agents search for partners to form relationships (employment, marriage, etc.), and may or may … not continue searching for different partners while matched. Matched agents are less inclined to search if their match … more inclined to search, potentially making instability a self-fulfilling prophecy. We show this can generate multiple …
Persistent link: https://www.econbiz.de/10005046673
underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching … from it, generated by matching. …
Persistent link: https://www.econbiz.de/10005504624
Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search … job search model with monitoring of job offer rejection vis-a-vis monitoring of job search effort. The observation window … capital losses. Monitoring offer rejections is less effective than monitoring search effort. …
Persistent link: https://www.econbiz.de/10008528530
program on aggregate labour market outcomes. This is done by calibrating an equilibrium search model with heterogeneous worker …
Persistent link: https://www.econbiz.de/10005123553
We show that in democracies insufficient recognition of general equilibrium effects can lead to a crisis. We consider a two-sector economy in which a majoritarian political process determines governmental regulation in one sector: a minimum nominal wage. If voters recognize general equilibrium...
Persistent link: https://www.econbiz.de/10005504724
options, and there is less incentive to search. We also discuss a behavioral model where the propensity to buy increases when …
Persistent link: https://www.econbiz.de/10011083448
search sequentially for satisfactory deals. In the pre-merger symmetric equilibrium, consumers visit firmsrandomly. However … non-merging stores, and only when they do not find a satisfactory product there they visit the merging firms. As search … products of the constituent firms, which generates sizable search economies. We show that such demand-side economies can confer …
Persistent link: https://www.econbiz.de/10011083482
demand with optimal consumer search. Consumers first choose which products to search; then, once they learn the utility they … characteristics but also from variation in the costs of searching them. We apply the model to the automobile industry. Our search cost … estimate is highly significant and indicates that consumers conduct a limited amount of search. Estimates of own- and cross …
Persistent link: https://www.econbiz.de/10011201362