Similar Search Results

Pitchik, Carolyn - University of Toronto, Department of Economics - 2006

When human capital skills differ in their ability to attract offers from alternative employers, a potential inefficiency in human capital investment arises. If a worker's ability and investments are observed by the labour market only when the worker invests in self-promoting activities, then...

Persistent link: https://www.econbiz.de/10005771686

Carrots and Sticks: Prizes and Punishments in Contests

Moldovanu, Benny; Sela, Aner; Shi, Xianwen - University of Toronto, Department of Economics - 2010

We study optimal contest design in situations where the designer can reward high performance agents with positive prizes and punish low performance agents with negative prizes. We link the optimal prize structure to the curvature of distribution of abilities in the population. In particular, we...

Persistent link: https://www.econbiz.de/10008529178

Cohabitation versus marriage: Marriage matching with peer effects

Mourifie, Ismael; Siow, Aloysius - University of Toronto, Department of Economics - 2015

This paper proposes an easy to estimate Cobb Douglas marriage matching function (MMF). Special cases include the Choo Siow (CS) MMF, CS with peer effects, CS with frictional transfers, the Dagsvik Menzel non-transferable utility MMF and Chiappori, Salanie and Weiss MMF. Given population supplies...

Persistent link: https://www.econbiz.de/10011145630

Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets

Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - University of Toronto, Department of Economics - 2014

In a market in which sellers compete by posting mechanisms, we allow for a general meeting technology and show that its properties crucially affect the mechanism that sellers select in equilibrium. In general, it is optimal for sellers to post an auction without a reserve price but with a fee,...

Persistent link: https://www.econbiz.de/10011158359

Information Externalities and Intermediaries in Frictional Search Markets

Shi, Xianwen; Siow, Aloysius - University of Toronto, Department of Economics - 2013

management enable search intermediaries to internalize information externalities generated in unintermediated private search. …

Persistent link: https://www.econbiz.de/10010850118

A Monetary Theory with Non-degenerate Distributions

Menzio, Guido; Shi, Shouyong; Sun, Hongfei - University of Toronto, Department of Economics - 2013

We construct and analyze a tractable search model of money with a non-degenerate distribution of money holdings …. Analytical tractability comes from modeling decentralized exchange as directed search, which makes the monetary steady state …

Persistent link: https://www.econbiz.de/10010850128

Applications and Interviews: Firms' Recruiting Decisions in a Frictional Labor Market

Wolthoff, Ronald - University of Toronto, Department of Economics - 2014

I develop a directed search model of the labor market in which firms choose a recruiting intensity, determining the …

Persistent link: https://www.econbiz.de/10010960209

Search Committees

Moldovanu, Benny; Shi, Xianwen - University of Toronto, Department of Economics - 2010

A committee decides by unanimity whether to accept the current alternative, or to continue costly search. Alternatives …

Persistent link: https://www.econbiz.de/10008695009

Wage Differentials, Discrimination and Efficiency

Shi, Shouyong - University of Toronto, Department of Economics - 2006

In this paper I construct a search model of a large labor market in which workers are heterogeneous in productivity and … (homogeneous) firms post wages and a ranking of workers to direct workers' search. I establish the following results. First, the …

Persistent link: https://www.econbiz.de/10005704712

Search Theory; Current Perspectives

Shi, Shouyong - University of Toronto, Department of Economics - 2006

In this article I briefly review recent developments in search theory. Particular attention is given to the framework … of directed search. I first illustrate the inefficiency that arises in the equilibrium of standard (undirected) search … models. Then I provide a formulation of directed search and show that the resulting equilibrium eliminates the inefficiency …

Persistent link: https://www.econbiz.de/10005704723