from worker self-selection may not be matched by a corresponding social gain. In particular, the equilibrium incentive to …

This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mecanism, by … in a way that favors the most profitable firm types. Selection may be inadequate because firms are being selected on the … basis of incorrect market signals. Selection itself may reinforce such mispricing, thus generating instability. I compare …

greater hit score increases market size. A selection effect by which consumers are more picky and select higher quality goods …

We analyse the efficiency of the labour market outcome in a competitive search equilibrium model with endogenous …