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In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10011325985
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10010262352
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10005762182
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10005572594
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in a … productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant. The only …
Persistent link: https://www.econbiz.de/10011414504
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in an … search productivity of unemployed is constant over the unemployment spell, benefits should typically increase or be constant …
Persistent link: https://www.econbiz.de/10011513998
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10014161382
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in a … productivity of the unemployed is constant over the unemployment spell, benefits should typically increase or be constant. The only …
Persistent link: https://www.econbiz.de/10014102398
Constrained efficient allocation (CE) is characterized in a model of adverse selection and directed search (Guerrieri, Shimer, and Wright (2010)). CE is defined to be the allocation that maximizes welfare, the ex-ante utility of all agents, subject to the frictions of the environment. When...
Persistent link: https://www.econbiz.de/10011637416
Constrained efficiency is characterized in an asset market, subject to search frictions, where sellers are privately informed about the type of their asset. The type determines the opportunity cost of the asset for sellers and the quality of the asset for buyers. The constrained efficient...
Persistent link: https://www.econbiz.de/10012198635