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We give an expression for the expected number of matches between unemployed workers and vacancies when each worker makes a = 2 applications, correcting Albrecht, Gautier, and Vroman (2003). We also show that the limiting matching probability given in our earlier note is correct for any finite a.
Persistent link: https://www.econbiz.de/10005622952
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10011335208
We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function. We emphasize a coordination failure caused by multiple applications, namely, that firms can waste resources processing applicants who are ultimately hired elsewhere.
Persistent link: https://www.econbiz.de/10011317448
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …
Persistent link: https://www.econbiz.de/10011249546
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …
Persistent link: https://www.econbiz.de/10010324801
We analyze a model of directed search in which unemployed job seekers observe all posted wages. We allow for the …
Persistent link: https://www.econbiz.de/10005761830
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …
Persistent link: https://www.econbiz.de/10005504927
We analyze a model of directed search in which unemployed job seekers observe all posted wages. We allow for the …
Persistent link: https://www.econbiz.de/10005169600
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …
Persistent link: https://www.econbiz.de/10011332815
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10011526113