Similar Search Results

Woodbury, Stephen A.; Davidson, Carl - W.E. Upjohn Institute for Employment Research

Persistent link: https://www.econbiz.de/10010850074

Fiat Money in a Search Theoretical Model with Generalist Consumers

Cuadras-Morató, Xavier - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

There are two general ways in which the role of fiat money has been introduced in the standard monetary search-theoretical model. The first is to bring in the model a fiat object with different intrinsic properties. The second is to introduce a centralized institution that favors the use of fiat...

Persistent link: https://www.econbiz.de/10010851435

Firm Dynamics and Assortative Matching

Crane, Leland D. - Census Bureau, Department of Commerce - 2014

I study the relationship between firm growth and the characteristics of newly hired workers. Using Census microdata I obtain a novel empirical result: when a given firm grows faster it hires workers with higher past wages. These results suggest that productive, fast-growing firms tend to hire...

Persistent link: https://www.econbiz.de/10010859491

'Hidden Quality' in the History of American Food: Consumer Search vs. Industry Obfuscation?

Smith, Trenton G.; Tasnadi, Attila - Agricultural and Applied Economics Association - AAEA - 2012

Persistent link: https://www.econbiz.de/10010881057

The Cyclical Dynamics of Illiquid Housing, Debt, and Foreclosures

Hedlund, Aaron - Economics Department, University of Missouri - 2014

This paper quantitatively accounts for the cyclical dynamics of key macroeconomic housing and mortgage market variables using a tractable, search-theoretic model of housing with equilibrium mortgage default. To explain these dynamics, the model highlights the importance of liquidity spirals...

Persistent link: https://www.econbiz.de/10010933610

Illiquidity and its Discontents: Trading Delays and Foreclosures in the Housing Market

Hedlund, Aaron - Economics Department, University of Missouri - 2014

This paper investigates the macroeconomic effects of search risk in the housing market. To do so, I introduce a tractable directed search model of housing with mul- tidimensional buyer and seller heterogeneity. I incorporate this framework in an in- complete markets macroeconomic model with...

Persistent link: https://www.econbiz.de/10010933613

Implications of the Illinois Reemployment Bonus Experiments for Theories of Unemployment and Policy Design

Meyer, Bruce - Industrial Relations Section, Department of Economics - 1988

Persistent link: https://www.econbiz.de/10010928335

Rationing rule, imperfect information and equilibrium

Waldeck, Roger - In: Economic Theory 19 (2002) 3, pp. 493-507

The impact of imperfect information on the price setting behaviour of firms is analysed. Specifically, consumers support an information cost to become informed about prices. Firms are endowed with U-shaped average cost curves. If a firm does not supply more than its competitive supply as...

Persistent link: https://www.econbiz.de/10005370723

Money and capital: a quantitative analysis

Aruoba, S. Boragan; Waller, Christopher J.; Wright, Randall - Federal Reserve Bank of St. Louis - 2009

-form literature. The analysis reduces the previously large gap between mainstream macro and monetary theory. …

Persistent link: https://www.econbiz.de/10005077876

The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory

Aoki, Masanao; Yoshikawa, Hiroshi - Institut für Weltwirtschaft (IfW) - 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/10005083417

1
2
3
4
5
6
7
8
9
10
Next
Last