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Over the last decades, technological progress has brought about a multitude of standardization problems. For instance, compatibility standards ensure the interoperability of goods, which is of decisive importance when users face positive externalities in consumption. Consumers' expectations are...
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We study active labor market policies (ALMP) in a matching model. ALMPs are modelled as a subsidy to job search …
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to schooling and aggregate welfare. -- Human capital ; job destruction ; matching frictions ; efficiency …
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