Labor market search with two-sided heterogeneity : hierarchical versus circular models / Aico van Vuuren -- The weak Pareto law in Burdett-Mortensen equilibrium search models / Gerard J. van den Berg -- Competitive auctions : theory and application / John Kennes -- Bargaining, on-the-job search...

The Counting Process Approach to the Statistical Analysis of Labour Force Dynamics -- Simultaneous Equations with Endogenous Hazards -- The Distribution of Single-spell Duration Data -- Steady States as Natural Rates in a Dynamic Discrete Choice Model of Labor Supply -- Choice or Chance? A...

Results from the Iowa Political Stock Market are analyzed to ascertain how well markets work as aggregators of information. The authors find that the market worked extremely well, dominating opinion polls in forecasting the outcome of the 1988 presidential election, even though traders in the...

Most data used to study the durations of unemployment spells come from the Current Population Survey, which is a point-in-time survey and gives an incomplete picture of the underlying duration distribution. We introduce a new sample of completed unemployment spells obtained from panel data and...

The article structually estimates an on-the-job search model of job separations. Given each employer pays observably equivalent workers the same but wages are dispersed across employers, an employer's separation flow is the sum of an exogenous outflow unrelated to the wage and a job-to-job flow...

We conducted prediction markets designed to forecast post-initial public offering (IPO) valuations before a particularly unique IPO: Google. The prediction markets forecast Google's post-IPO market capitalization relatively accurately. While Google's auction-based IPO price was 15.3% below the...

<title>Abstract</title> The authors tested whether student performance in the principles of economics course is affected by the use of graphs as part of a lecture. They conducted two experiments at the University of South Carolina, one in spring 1995 and another in spring 1997. Students were randomly assigned...