Showing 1 - 10 of 508
from the firm having the vacant position, the less likely it is that the candidate is chosen. The search may also involve … foundations of the search process are presented. An empirical application to a board interlock network demonstrates that the model …
Persistent link: https://www.econbiz.de/10012503069
This paper builds a consumer search model where the cost of going back to stores already searched is explicitly taken … into account. We show that the optimal search rule under costly recall is very different from the optimal search rule under … perfect recall. Under costly recall, the optimal search behaviour is nonstationary and, moreover, the reservation price is not …
Persistent link: https://www.econbiz.de/10011373816
betweenfirms,thereby lowering prices and increasing economic welfare. This paperpresents a search model that provides a different …, but reduce prices when consumers search intensityis high. These different comparative statics results may explain themixed …
Persistent link: https://www.econbiz.de/10011303295
I examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly … search for price quotations and the information gathered are non-excludable along direct links. This allows me to explore the … effect of endogenous consumers externalities on market functioning. I first show that when search costs are low consumers …
Persistent link: https://www.econbiz.de/10011335197
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10011335208
decide whether to search for a new wild organism with a certain quality or to produce the drug in question with an extant …
Persistent link: https://www.econbiz.de/10010224811
Persistent link: https://www.econbiz.de/10010191091
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …
Persistent link: https://www.econbiz.de/10011332815
Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with … preferences exist, significantly decrease stability in matching markets, and are driven both by belief-based and preference …
Persistent link: https://www.econbiz.de/10014476792
paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for … acceptance mechanism can achieve stability. These results provide insights into non-standard preferences in matching markets, and …
Persistent link: https://www.econbiz.de/10014478421