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 …

-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 …

with theory, establishments with more procyclical wage movements over the business cycle have a more countercyclical hires …

in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing … of the search-matching theory. -- Job Creation ; Involuntary Unemployment ; Search-Matching ; Labor Demand …How well do alternative labor market theories explain variations in net job creation? According to search-matching …

in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing … of the search-matching theory. -- job creation ; involuntary unemployment ; search-matching ; labor demand …How well do alternative labor market theories explain variations in net job creation? According to search-matching …