A common feature of the Hungarian, Irish, Spanish and Turkish higher education admission systems is that the students apply for programmes and they are ranked according to their scores. Students who apply for a programme with the same score are in a tie. Ties are broken by lottery in Ireland, by...

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....

This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped...