-based incentives elicit not only productive effort, but also costly information manipulation. We analyze the tradeoffs involved in …

We study two-sided markets with a finite numbers of agents on each side, and with two-sided incomplete information … potential increase in expected output due to assortative matching (relative to random matching) is completely offset by the … costs of signalling. We also study how the signalling activity and welfare on each side of the market change when we vary …

We study active labor market policies (ALMP) in a matching model. ALMPs are modelled as a subsidy to job search …

elements such as commuting costs and land prices and on labour elements such as wages and the matching technology. In the …

personal connections. First among them is the reliable transmission of information. In this paper we begin from a model of … productivity. We study the extent to which the possibility of signalling reduces the reliance on the network. We find that the … that to be effective signalling must fulfill two contradictory requirements: unless the signal is extremely precise, it …

A new methodology is described which tests between various equilibrium theories of unemployment using matching data … identify a matching process using data which is recorded monthly, and also shows how to identify different unemployment … theories on the data. As implementing this test requires information on the inflow of new vacancies over time, this Paper uses …

returns to experience are 2.7% a year. The returns to tenure are close to zero. Crucial identifying information is provided by …