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The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory
Aoki, Masanao; Yoshikawa, Hiroshi - 2008
The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor … theory allegedly fills this gap by encompassing apparent disequilibrium phenomena in the neoclassical equilibrium framework …. Taking up Lucas and Prescott (1974) as a primary example, we show that the neoclassical search theory cannot explain the …
Persistent link: https://www.econbiz.de/10010298573
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Search Theory and Commuting Behavior
Rouwendal, Jan - 2004
In this paper I argue that search theory is a useful addition to the way economists and geographers have approached the … decentralized employment the spatial search model predicts excess commuting. Search theory also suggests that regression towards the …
Persistent link: https://www.econbiz.de/10010325209
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The dilemma of delegating search: Budgeting in public employment services
Addison, John T.; Altemeyer-Bartscher, Martin; Kuhn, Thomas - 2010
The poor performance often attributed to many public employment services may be explained in part by a delegation problem between the central office and local job centers. In markets characterized by frictions, job centers function as match-makers, linking job seekers with relevant vacancies....
Persistent link: https://www.econbiz.de/10010274618
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Models as Measuring Instruments
Rodenburg, Peter - 2004
in models by analysing the measurement of duration dependence of unemployment. Since search theory can’t be made … function serves this purpose, its assumptions are arbitrary rather than connected to theory, and measurements generated with …
Persistent link: https://www.econbiz.de/10010325381
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Non-equivalent search strategies for resource-constrained project scheduling
Sprecher, Arno - 1998
Over the years numerous branch-and-bound procedures for solving the resource-constrained project scheduling problem (RCPSP) have been developed. Enumerating delaying alternatives, extension alternatives, feasible posets, feasible sequences, feasible completion times or feasible subsets, they all...
Persistent link: https://www.econbiz.de/10011558739
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Productivity and job flows: heterogeneity of new hires and continuing jobs in the business cycle
Kilponen, Juha; Vanhala, Juuso - 2009
This paper focuses on tenure driven productivity dynamics of a firm-worker match as a potential explanation of "unemployment volatility puzzle". We let new matches and continuing jobs differ by their productivity levels and by their sensitivity to aggregate productivity shocks. As a result, new...
Persistent link: https://www.econbiz.de/10011605126
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Decentralised Job Matching
Haeringer, Guillaume; Wooders, Myrna - 2003
This paper studies a decentralised job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfilled propose to other...
Persistent link: https://www.econbiz.de/10011325139
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Credible Group Stability in Multi-Partner Matching Problems
Konishi, Hideo; Ünver, M. Utku - 2003
It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the (weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for pairwise stability when group deviations are allowed. Group...
Persistent link: https://www.econbiz.de/10011325144
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Selektionsverzerrungen, erfragte Reservationslöhne und Arbeitslosigkeitsdauer
Christensen, Björn - 2003
Verwendung der Selektivitätskorrektur der nach der Theorie erwartete positive Effekt des Reservationslohns auf die …
Persistent link: https://www.econbiz.de/10010260626
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Does risk aversion accelerate optimal forest rotation under uncertainty?
Alvarez, Luis H. R.; Koskela, Erkki - 2004
We use a Wicksellian single rotation framework to analyze the impact of the intertemporally fluctuating and stochastic mean-reverting interest rate process on the optimal harvesting threshold and thereby the expected length of the rotation period, when forest value is also stochastic following...
Persistent link: https://www.econbiz.de/10010261267