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The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent...
Persistent link: https://www.econbiz.de/10005083417
This paper examines the impacts on reservation wages of unemployed persons and on transition in employment due to the reform of the unemployment insurance system in Germany in the course of the Agenda 2010. A dynamic search model is developed, on which reservation wages are simulated for...
Persistent link: https://www.econbiz.de/10005755257
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage … account for important empirical regularities that the conventional matching model cannot. …
Persistent link: https://www.econbiz.de/10010955922
students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for …
Persistent link: https://www.econbiz.de/10010886875
set on Irish manufacturing plants and employ an empirical strategy that combines a non-parametric matching procedure with …
Persistent link: https://www.econbiz.de/10010982877
the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary …
Persistent link: https://www.econbiz.de/10008496992
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …
Persistent link: https://www.econbiz.de/10004992848
/durables ownership. Using household survey data from Moldova, this paper relies on the matching approach for identification. It is shown …
Persistent link: https://www.econbiz.de/10005700492
. The bargaining behavior resembles the Ultimatum game to the extent that proposers request a fixed price for a shared ride … positions of the bargaining parties are hardly symmetric and the formation of the full group is not guaranteed. Using a simple …
Persistent link: https://www.econbiz.de/10008511729
of the intellectual property rights and franchise bargaining system to analyze how the rent/franchise fee and …The protection of intellectual property rights (IPR) and the distribution of rent are central issues in R …, decreasing the IPR protection will increase the rent/franchise fee. The authors also show that the growth-maximizing effects of …
Persistent link: https://www.econbiz.de/10011122552