mechanisms that allow for ex post Bertrand competition generate the maximum matching on a realized network. -- efficiency …When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those …

. Only wage mechanisms that allow for ex post competition generate the maximum matching on a realized network. We show that …When workers send applications to vacancies they create a bipartite network. Coordination frictions arise if workers … random search with ex post competition in wages leads to the maximum number of matches and is socially efficient in terms of …

allow for ex post Bertrand competition generate the maximum matching on arealized network. …When workers send applications to vacancies they create a network. Frictionsarise because workers typically do not know … frictionaffects network formation, while the second coordination friction affects networkclearing. We show that those frictions and …

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other … workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects … network clearing). We show that those frictions and the wage mechanism are in general not independent. Equilibria that exhibit …

allow for ex post Bertrand competition generate the maximum matching ona realized network.::: …When workers send applications to vacancies they create a network. Frictions arise becauseworkers typically do not know … affects network formation, whilethe second coordination friction affects network clearing. We show that those frictions and …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …