Showing 1 - 10 of 448
matching or information revealed by others' behaviours, or to endogenous effects generated by bargaining within marriage. A … in individual effects. As such the correlation in the raw smoking data is consistent with positive assortative matching … in marriage over smoking, rather than bargaining within the couple or social learning. …
Persistent link: https://www.econbiz.de/10010272016
We analyze a model of directed search in which unemployed job seekers observe all posted wages. We allow for the possibility of multiple applications by workers and ex post competition among vacancies. For any number of applications, there is a unique symmetric equilibrium in which vacancies...
Persistent link: https://www.econbiz.de/10010273996
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
Persistent link: https://www.econbiz.de/10010269591
We study a search model where workers can send multiple applications to high and low productivity firms. Firms that compete for the same candidate can increase their wage offers as often as they like. We show that there is a unique equilibrium where workers mix between sending both applications...
Persistent link: https://www.econbiz.de/10010274013
We analyze a model of directed search in which unemployed job seekers observe all posted wages. We allow for the possibility of multiple applications by workers and ex post competition among vacancies. For any number of applications, there is a unique symmetric equilibrium in which vacancies...
Persistent link: https://www.econbiz.de/10005761830
This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs … only perform unskilled jobs. Our first result shows that the equilibrium with ex-post bargaining is never efficient. Second …? bargaining strength affects unemployment and skill-mismatch. …
Persistent link: https://www.econbiz.de/10010272689
/methodological viewpoint, we extend a somewhat flexible search-matching economy to alternative bargaining solutions. In particular, we prove … search-matching economies. Second, our results show that even though the traditional results of bargaining theory apply in …-known bargaining solutions. We apply the Nash, the Egalitarian and the Kalai-Smorodinsky bargaining solutions in the small firm …
Persistent link: https://www.econbiz.de/10010274621
-valuation parent would be endowed with greater bargaining power. The implications of these results are then interpreted in the context …
Persistent link: https://www.econbiz.de/10010261582
We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect …
Persistent link: https://www.econbiz.de/10010269110
paper stresses the role of horizontal differences in worker productivity, as opposed to vertical, assortative matching …
Persistent link: https://www.econbiz.de/10010283961