The matching function describes the flow of job creation as a function of the stocks of unemployed and vacancies. Most empirical work tries to identify such a relationship by regressing the flow of matches (aggregated over the month) on the stocks of unemployment and vacancies measured at the...

There is much discussion of the relationships between crime, inequality, and unemployment. We construct a model where all three are endogenous. We find that introducing crime into otherwise standard models of labor markets has several interesting implications. For example, it can lead to wage...

We extend simple search-theoretic models of crime, unemployment and inequality to incorporate on-the-job search. This is valuable because, although the simple models can be used to illustrate some important points concerning the economics of crime, on-the-job search models are more relevant...

It is possible to construct a panel of labour market flows from the first wave of the British Household Panel Study. Using this data, a three-state Markov model of labour market transitions is specified and estimated, using the proportional hazard function approach. The three states considered...

Menu-pricing schemes in restaurants are often based primarily on markup-over-cost methods. More sophisticated techniques make use of ideas about consumer demand as well as cost. We propose an experiment for determining the effect of price on the quantity demanded of a menu item. We ran the...

Empirical studies of job search strongly suggest that the reservati on wage of unemployed job-seeking individuals declines with the length o f their respective unemployment spells. The authors provide a new explanation for this, ba sed on the reasonable assumption that worker s do not have...