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Persistent link: https://www.econbiz.de/10009790712
The ability of search and matching models to replicate stylized facts—such as volatilities and correlations—has been a center of attraction over the last couple of years. This paper introduces the Akerlof (Q J Econ 97:543–569, <CitationRef CitationID="CR1">1982</CitationRef>) fair wage approach into an endogenous separation search...</citationref>
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