mechanisms that allow for ex post Bertrand competition generate the maximum matching on a realized network. -- efficiency …When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those …

. Only wage mechanisms that allow for ex post competition generate the maximum matching on a realized network. We show that …When workers send applications to vacancies they create a bipartite network. Coordination frictions arise if workers … random search with ex post competition in wages leads to the maximum number of matches and is socially efficient in terms of …

mechanisms that allow for ex post Bertrand competition generate the maximum matching on a realized network …When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those …

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other … workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects … network clearing). We show that those frictions and the wage mechanism are in general not independent. Equilibria that exhibit …

allow for ex post Bertrand competition generate the maximum matching on arealized network. …When workers send applications to vacancies they create a network. Frictionsarise because workers typically do not know … frictionaffects network formation, while the second coordination friction affects networkclearing. We show that those frictions and …

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other … workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects … network clearing). We show that those frictions and the wage mechanism are in general not independent. Equilibria that exhibit …

through their network connections or directly from firms. We show that jobs found through network search have wages that …We introduce an irregular network structure into a model of frictional, on-the-job search in which workers find jobs …'s position within the network leads to heterogeneity in wage and employment dynamics: better connected workers climb the job …

This paper adds a quasi-network to a search model of the labor market. Fitting the model to an average unemployment … rate and to other moments in the data implies the presence of the network is not noticeable in the basic properties of the … unemployment and job finding rates. However, the network creates downward sloping reemployment hazards which the basic model does …