Similar Search Results

Good Jobs versus Bad Jobs: Theory and Some Evidence

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1997

-sharing due to search frictions implies that ‘good’ jobs which have higher creation costs must pay higher wages. This wage …

Persistent link: https://www.econbiz.de/10005662323

Advertising Content

Anderson, Simon P; Renault, Régis - C.E.P.R. Discussion Papers - 2005

Empirical evidence suggests that most advertisements contain little direct information. Many do not mention prices. We analyse a monopoly firm’s choice of advertising content and the information disclosed to consumers. The firm advertises only product information, price information, or both;...

Persistent link: https://www.econbiz.de/10005662329

How Large are Search Frictions?

Gautier, Pieter A; Teulings, Coen N - C.E.P.R. Discussion Papers - 2003

be attributed to unobserved components in those characteristics. An assignment model with search frictions provides a …. The impact of search frictions on wages is large. Our results relate to the literature on industry wage differentials, on … structural identification in hedonic models, and on wage posting versus Nash bargaining in search models. …

Persistent link: https://www.econbiz.de/10005666739

Immigration and Prices

Lach, Saul - C.E.P.R. Discussion Papers - 2005

consistent with the arrival of new consumers - the FSU immigrants - having higher price elasticities and lower search costs than …

Persistent link: https://www.econbiz.de/10005667118

Unemployment versus Mismatch of Talents: Reconsidering Unemployment Benefits

Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1997

We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …

Persistent link: https://www.econbiz.de/10005788908

Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1996

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United States over the past two decades. In my model firms decide the composition of jobs and then match with skilled and unskilled workers. The demand for skills is endogenous and an...

Persistent link: https://www.econbiz.de/10005789067

Transition and the Output Fall

Roland, Gérard; Verdier, Thierry - C.E.P.R. Discussion Papers - 1997

output fall has been associated with price liberalization. Its key ingredients are search frictions and Williamsonian … firms search for new partners, output may fall because of three effects: a) disruption of previous production links; b) a …

Persistent link: https://www.econbiz.de/10005789122

Labour Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining

Cahuc, Pierre; Wasmer, Etienne - C.E.P.R. Discussion Papers - 2001

In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent … contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … overemployment compared to the efficient allocation than in the standard search-matching model. …

Persistent link: https://www.econbiz.de/10005791528

Market Transparency, Competitive Pressure and Price Volatility

Kühn, Kai-Uwe; Martínez, Catalina B - C.E.P.R. Discussion Papers - 1996

In this paper we analyse the role of asymmetric information between firms and consumers about market conditions. In standard models of oligopoly informational advantages of firms over customers do not play a role because all prices are observable. When customers are unable to observe all...

Persistent link: https://www.econbiz.de/10005791781

Search and Matching in Macroeconomics

Yashiv, Eran - C.E.P.R. Discussion Papers - 2006

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

Persistent link: https://www.econbiz.de/10005792066