Kim, Young-Chul; Loury, Glenn - Volkswirtschaftliche Fakultät, … - 2012
statistical discrimination in labor markets (Arrow, 1973). The static models dominating the literature of statistical … discrimination, however, may leave the false impression that a bad equilibrium is as fragile as a "bubble" and can burst at any … bad equilibria. By developing a dynamic version of a statistical discrimination model based on Coate and Loury's (1993 …