We propose a novel framework that integrates the "task approach" for a more precise production modeling into the search-and-matching …, wages of both skill groups, and unemployment. In contrast to the canonical model with a fixed task allocation, low …-skilled workers may be harmed in terms of either lower wages or higher unemployment depending on the relative task …

We propose a novel framework that integrates the "task approach" for a more precise production modeling into the search-and-matching … reallocation and changes in wage pressure, and examine how skillbiased technical change (SBTC) affects the task composition, wages …-skilled workers may be harmed in terms of either lower wages or higher unemployment depending on the relative task …

efficient network maximizing social welfare, and find that the efficient graph is either empty, complete or shows a strong core … counterfactual analyses, taking into account that the network and production can dynamically adjust to shocks or policy interventions ….6%. Our study further reveals that when ignoring the network structure the impact of firm exit or mergers is significantly …

This paper proposes a stochastic model of a bipartite credit network between banks and the non-bank corporate sector …

This paper proposes a stochastic model of a bipartite credit network between banks and the non-bank corporate sector …

This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from … determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network …

This paper makes two contributions to the empirical matching literature. First, a recent study by Anderson and Burgess … (2000) testing for endogenous competition among job seekers in a matching framework, is replicated with a richer and more … accurate data set for Germany. Their results are confirmed and found to be surprisingly robust. Second, the matching framework …