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We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10005209482
between firms, thereby lowering prices and increasing economic welfare. This paper presents a search model that provides a … each of these equilibria. For example, a reduction in search cost may raise equilibrium prices when consumers' search … intensity is low, but reduce prices when consumers search intensity is high. These different comparative statics results may …
Persistent link: https://www.econbiz.de/10005209494
This paper analyses the role of information in the search process. I …
Persistent link: https://www.econbiz.de/10008531424
This paper shows that we can normalize job and worker characteristics so that, without frictions,
Persistent link: https://www.econbiz.de/10005136882
In this paper, we employ search theory as a micro-economic foundation for the wasteful commuting hypothesis. It is … argued that the commute of the self-employed is the result of a search process for vacant workplaces, whereas employees … search for vacant jobs through space. Because the arrival rate of workplaces is much higher than the arrival rate of jobs …
Persistent link: https://www.econbiz.de/10005137099
Do people move to cities because of marriage market considerations? In cities
Persistent link: https://www.econbiz.de/10005137273
In this paper we analyse the commuting distribution from a job search perspective. We have examined under which …, spatially-differentiated search or heterogeneity ofjobs. Residential mobility does not appear to explain the shape of the …
Persistent link: https://www.econbiz.de/10005137311
search for a job-type that matches their skill. They face a trade-off between match quality and the cost of extended search …. This trade-off differs between regions, because search is more efficient in larger regions. Then, interregional mobility … commodities that are search intensive, i.e. that require a wide variety of tasks and make use of scarce worker types. Empirical …
Persistent link: https://www.econbiz.de/10005042219
Persistent link: https://www.econbiz.de/10005042225
We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function. We emphasize a coordination failure caused by multiple applications, namely, that firms can waste resources processing applicants who are ultimately hired elsewhere.
Persistent link: https://www.econbiz.de/10005042226