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hourly net wage. Our findings are consistent with wage bargaining theory and suggest a bargaining power parameter of about 0 …
Persistent link: https://www.econbiz.de/10011255820
In this paper I argue that search theory is a useful addition to the way economists and geographers have approached the study of commuting behavior. This is illustrated by showing that introduction of a spatial element into the standard model of job search leads to the prediction of critical...
Persistent link: https://www.econbiz.de/10011257065
Nancy Cartwright views models as blueprints for nomological machines - machines which, if properly shielded, generate lawlike behaviour or regularities. Marcel Boumans has argued that we can look for devices inside models which enable us to measure aspects of these regularities. So, if models do...
Persistent link: https://www.econbiz.de/10011257399
Using 'search' theory, technology adoption is conceived of as a critical factor in the aftermath of a technological shock, which increases employment in the leading sectors and total output in the economy. These implications are further investigated in the present paper, both formally and...
Persistent link: https://www.econbiz.de/10011257423
We consider price-fee competition in bilateral oligopolies with perfectly-divisible goods, non-expandable infrastructures, concentrated agents on both sides, and constant marginal costs. We define and characterize stable market outcomes. Buyers exclusively trade with the supplier with whom they...
Persistent link: https://www.econbiz.de/10011255451
extraction. Unanimity bargaining determines the water allocation and monetary transfers. We translate International Water Law … bargaining solution, in the latter case the agents have to compromise in order to agree and we apply the asymmetric Nash …
Persistent link: https://www.econbiz.de/10011256978
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....
Persistent link: https://www.econbiz.de/10011249546
We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function …
Persistent link: https://www.econbiz.de/10011256754
In this paper we consider one-to-many matching problems where the preferences of the agents involved are represented by … matching to a matching of maximum total reward, one can always provide a compensation schedule that will be ex-post stable in … uses the fact that the core of an associated compensation matching game with constraints is nonempty. …
Persistent link: https://www.econbiz.de/10011257556
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is … the Nash bargaining solution of a modified bargaining problem and the Maximum Theorem implies convergence to the Nash … bargaining solution when time between proposals vanishes. The model unifies alternating offers, one-sided offers and random …
Persistent link: https://www.econbiz.de/10011255513