In this paper we extend the equilibrium search models of Burdett and Mortensen [1998], Burdett and Vishwanath [1988] and Mortensen and Vishwanath [1994] to allow for endogenous matching and endogenous capital determination. In our model, in order to attract a positive measure of workers, firms...

This paper reports the results of an experimental wine auction. Participants of the experiment were randomly assigned to three rooms. In each room four wines had to be evaluated, but the level of information to which participants had access differed across rooms. After the evaluations, the wines...

In the 1860's in France, firms often stopped their production in summer. This paper tests the hypothesis that it can be partially explained by worker mobility between industry and agriculture during summer. Formally, labour supply is modelled as an arbitrage by workers between the two types of...

In this paper, we analyze the increase in education levels of young generations in France between 1980 and 1993. We insist on three factors that could have explained this increase: i) increasing returns to education in the labour market including its protective role against unemployment; ii)...