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We propose a theoretical explanation for the so-called "beauty premium". Our explanation is based entirely on search … interaction between frictional labour and marriage markets and establish the existence of a search equilibrium characterised by …
Persistent link: https://www.econbiz.de/10010491716
We develop a three-stage model of abatement technology search, adoption, and deployment. Using this model, which draws … on search theory tools more frequently used in labour and monetary economics, we compare market-based and command …-and-control pollution control instruments with respect to the incentives each provides for abatement technology search and adoption …
Persistent link: https://www.econbiz.de/10010349873
In this paper we investigate the incentives of unemployed workers to wait for a recall when recall probabilities are endogenously determined by the waiting decisions of others. Because of a positive externality that arises when workers seek new employment, an excessive number of workers choose...
Persistent link: https://www.econbiz.de/10011409750
Increased competition tends to benefit all buyers with increasing product variety and decreasing prices. However, if local and external market channels compete for the same class of products, increased competition from the external market crowds out local variety. Under local monopoly, local...
Persistent link: https://www.econbiz.de/10012026420
Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks, such as product searches, portfolio choices, and human resource procurement. These tasks often involve a trade-off between exploration and exploitation, which can be highly...
Persistent link: https://www.econbiz.de/10013482224
How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi …
Persistent link: https://www.econbiz.de/10012156373
A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers … equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … estimated parameter values welfare is improved if unemployed workers increase their search intensity. -- labor ; search …
Persistent link: https://www.econbiz.de/10009009698
all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a … realized network. -- efficiency ; network clearing ; random bipartite network formation ; simultaneous search …
Persistent link: https://www.econbiz.de/10009239488
which identical firms post wages and homogeneous workers search for acceptable offers. We allow for matching frictions and …
Persistent link: https://www.econbiz.de/10011398879
We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with …
Persistent link: https://www.econbiz.de/10012581332