Poeschel, Friedrich - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2012
the model achieves nearly unconstrained efficiency despite frictions." (Author's abstract, IAB-Doku) ((en)) …"The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … model, often implausibly strong conditions are required. This paper shows that, once signals are introduced, a search model …