first result shows that the economy always generates the right number of jobs. However, with random search firms under …-invest in capital due to a hold-up problem. In contrast, if workers can direct their search to firms with different capital …

In this paper we extend a job search-matching model with firm-specific investments in training developed by Mortensen … framework and the search-matching framework (eg. Pissarides, 1990). Second, it improves the correspondence between the …

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

they are placed in a skilled job. The firm cannot distinguish the two types. The workers are initially dispersed and search … searchers accept jobs. This entails a delay in hiring workers who search, but the benefits from filtering that are requisite … in standard search models are therefore motivated. …

allow for ex post Bertrand competition generate the maximum matching on arealized network. …

all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a …

all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a … realized network. -- efficiency ; network clearing ; random bipartite network formation ; simultaneous search …

mechanisms that allow for ex post Bertrand competition generate the maximum matching on a realized network. -- efficiency … ; network clearing ; random bipartite network formation ; simultaneous search …

. Only wage mechanisms that allow for ex post competition generate the maximum matching on a realized network. We show that … random search with ex post competition in wages leads to the maximum number of matches and is socially efficient in terms of …