Gallet, Craig A.; List, John A.; Orazem, Peter F. - In: Southern Economic Journal 72 (2005) 2, pp. 284-304
The 1987 academic market was strong, whereas the 1997 market was weak. A multimarket theory of optimal search suggests that job seekers will respond to a weakening market by changing their search strategies at the extensive margin (which markets to enter) and the intensive margin (how many...