Recruiting agents, or "programs" costly screen "applicants" in matching processes, and congestion in a market increases … costs can be used as a Pigouvian tax. Higher costs reduce congestion by discouraging applicants from applying to certain … experimental and structural estimates show that a (low) application cost effectively reduces congestion without harming match …

and wages move in the same direction under neo-classical assumptions, agglomeration economies in production, congestion in … congestion in production or the agglomeration in consumption models. The micro-economics of such consumption … thus suggest that consumption-oriented agglomeration and congestion should receive more attention in the future …

" congestion (LC) – where MC > AC and both increase with output. I identify two additional congestion categories, "high" (HC) and … "super" (SC) congestion – where AC is backward-bending and MC < 0. Using a general equilibrium model, I derive the open …

communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …