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. Interestingly, we find that the required degree of production complementarity for positive sorting is increasing in the number of …We investigate the e↵ect of search frictions on labor market sorting by constructing a model which is in line with … derive the necessary and sucient conditions for sorting in applications as well as matches. We show that positive sorting is …
Persistent link: https://www.econbiz.de/10012591555
when locations are similar (in which case the aggregate matching function is urn-ball) but that quality weighted trade can …
Persistent link: https://www.econbiz.de/10014496539
explanations for) positive assortative matching. …
Persistent link: https://www.econbiz.de/10011349215
simultaneously determined in market equilibrium. We structurally estimate the search cost distribution, the implied matching …
Persistent link: https://www.econbiz.de/10011372979
This paper considers competitive search equilibrium in a market for a good whose quality differs across sellers. Each seller knows the quality of the good that he or she is offering for sale, but buyers cannot observe quality directly. We thus have a "market for lemons" with competitive search...
Persistent link: https://www.econbiz.de/10015053938
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an …
Persistent link: https://www.econbiz.de/10011373819
This paper characterizes the equilibrium for a large class of search models with two-sided heterogeneity and on …
Persistent link: https://www.econbiz.de/10011346489
matching rate in the high-productivity sector can then be realized with fewer applications (and consequently fewer coordination …
Persistent link: https://www.econbiz.de/10011348699
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10011479787
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....
Persistent link: https://www.econbiz.de/10011332815