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On-the-job search and city structure
Vuuren, Aico van - 2015 - This version: January 2015
We investigate an equilibrium search model in which the search frictions are increasing with the distance to the … central business district allowing for on-the-job search and endogenous (monopsony) wage formation and land allocation. We …
Persistent link: https://www.econbiz.de/10010477106
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Imperfect Competition in the Labour Market
Manning, Alan - Centre for Economic Performance, LSE - 2010
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...
Persistent link: https://www.econbiz.de/10008542750
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Human Capital Accumulation and Labour Market Equilibrium
Burdett, Ken; Carrillo-Tudela, Carlos; Coles, Melvyn - Institute for the Study of Labor (IZA) - 2009
We analyse an equilibrium labour market with on-the-job search and experience effects (where workers learn …
Persistent link: https://www.econbiz.de/10005004576
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Imperfect competition in the labour market
Manning, Alan - London School of Economics (LSE) - 2010
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...
Persistent link: https://www.econbiz.de/10010745736
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On the Segmentation of Markets
Jacquet, Nicolas L.; Tan, Serene - East Asian Bureau of Economic Research (EABER) - 2007
in the presence of search frictions and when utility is non-transferable. We depart from standard matching models where … have the same matching pattern, implying that the value of search to each agent is the same. Although perfect assortative …
Persistent link: https://www.econbiz.de/10009365066
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On the Segmentation of Markets
Jacquet, Nicolas L.; Tan, Serene - School of Economics, Singapore Management University - 2007
in the presence of search frictions and when utility is non-transferable. We depart from standard matching models where … have the same matching pattern, implying that the value of search to each agent is the same. Although perfect assortative …
Persistent link: https://www.econbiz.de/10005006774
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Steady-State Equilibrium in a Model of Short-Term Wage-Posting
Manning, Alan - Centre for Economic Performance, LSE - 2012
This paper takes the canonical Burdett-Mortensen model of wage- posting and relaxes the assumption that wages are set once-for-all, instead assuming they can only be committed one period at a time. It derives a closed-form solution for a steady-state Markov Rank-Preserving Equilibrium and shows...
Persistent link: https://www.econbiz.de/10010561176
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Heterogeneity, Frictional Assignment and Home-ownership
Head, Allen Charles; Lloyd-Ellis, Huw; Stacey, Derek - 2018
development industry and either rented competitively or sold through directed search to households which differ in wealth and sort …
Persistent link: https://www.econbiz.de/10011939447
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Search, liquidity and the dynamics of house prices and construction
Head, Allen; Lloyd-Ellis, Huw; Sun, Hongfei - 2011
in the long-run. We develop a competitive search model of the housing market in which construction, the entry of buyers …
Persistent link: https://www.econbiz.de/10010290406
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Heterogeneity, frictional assignment and home-ownership
Head, Allen Charles; Lloyd-Ellis, Huw; Stacey, Derek - 2018
development industry and either rented competitively or sold through directed search to households which differ in wealth and sort …
Persistent link: https://www.econbiz.de/10011786794