The estimates of the structural parameters of a job separations model derived from the theory of on-the-job search are … dispersion across employers exists in the sense that different employers offer different wages to the same worker, the theory …

, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …

matching function. This study presents a formalization of these effects and estimates empirical matching functions for a panel … unemployment to job exits are taken into account and dynamic panel estimators are applied, the Czech matching function is shown to … approximate the degree of job competition of employed workers in the search process, reveals strong heterogeneity of matching …

Modern 'principal-agent theory' has made a lot of progress in proposing theoretical Solutions to agency problems. This … evidence on offered contracts and effort choices in a simple agency game. In line with principal-agent theory we find that in … design has to regard an equity constraint that has so far been neglected by contract theory. In fact, most contract offers …