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Existence of steady-state equilibria in matching models with search frictions
Lauermann, Stephan; Nöldeke, Georg - 2014
We prove existence of steady-state equilibrium in a class of matching models with search frictions. …
Persistent link: https://www.econbiz.de/10010499806
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It's About Time : Implications of the Period Length in an Equilibrium Job Search Model
Wolthoff, Ronald P. - 2011
This paper analyzes the role of the period length in a search model of the labor market and argues that it has profound implications for the market equilibrium. In the model, job offers and job destruction shocks arrive according to a Poisson process in continuous time, but institutional factors...
Persistent link: https://www.econbiz.de/10013119736
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Pricing and investments in matching markets
Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 2, pp. 535-590
make investments before matching in a competitive market. We introduce the notion of premune-ation values—the values to the …
Persistent link: https://www.econbiz.de/10011686665
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An Equilibrium Theory of Learning, Search and Wages
Gonzalez, Francisco M. - 2009
We examine the labor market effects of incomplete information about the workers' own job-finding process. Search outcomes convey valuable information, and learning from search generates endogenous heterogeneity in workers' beliefs about their job-finding probability. We characterize this process...
Persistent link: https://www.econbiz.de/10013153145
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Assortative matching through signals
Poeschel, Friedrich - 2012
The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is … the model achieves nearly unconstrained efficiency despite frictions. -- Assortative matching ; sorting ; search ; signals …
Persistent link: https://www.econbiz.de/10009553146
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Frictions Lead to Sorting : a Partnership Model with On-the-Match Search
Bartolucci, Cristian - 2019
assortative matching. Frictions are commonly understood to hamper sorting. Instead, we show how frictions generate positive … sorting even with a submodular production function. Our results challenge the interpretation of positive assortative matching …
Persistent link: https://www.econbiz.de/10012869756
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Targeted Search in Matching Markets
Cheremukhin, Anton - 2020
We propose a parsimonious matching model where people's choice of whom to meet endogenizes the degree of randomness in … matching. The analysis highlights the interaction between a productive motive, driven by the surplus attainable in a match, and …
Persistent link: https://www.econbiz.de/10012854989
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Search, screening and sorting
Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2021
We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with recent evidence that employers collect a pool of applicants before interviewing a subset of them. In this environment, we derive the necessary and sufficient conditions for sorting...
Persistent link: https://www.econbiz.de/10012581332
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Search, screening and sorting
Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2021
We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with recent evidence that employers collect a pool of applicants before interviewing a subset of them. In this environment, we derive the necessary and sufficient conditions for sorting...
Persistent link: https://www.econbiz.de/10012583359
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Existence of steady-state equilibria in matching models with search frictions
Lauermann, Stephan; Nöldeke, Georg - In: Economics letters 131 (2015), pp. 1-4
Persistent link: https://www.econbiz.de/10011422482