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This paper considers the search for the best papers by the editors of an academic journal. At each period, each editor … receives a set of submissions and has to decide which paper to accept. Some editors being more demanding than others … of high quality papers only when the editorial board is composed by a homogeneous set of very demanding editors …
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and reflective responses to guidance and recommendations from editors and referees, supplemented by some good fortune and …
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This article examines the effects of a tax on vacant dwellings. I use a search equilibrium model in which the distribution of rent is the result of the owners’ posting strategy. I show that this tax reduces the number of vacant dwellings and increases the average rent.
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So-called “search equilibrium models” typically have multiple equilibria. In almost all studies on these models, only steady states are considered mainly because it is difficult to find non-stationary equilibria. This difficulty does not disappear even if we consider finite-horizon...
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Search models with wage posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown...
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