Board, Simon; Meyer-Ter-Vehn, Moritz - In: Review of Economic Studies 82 (2015) 2, pp. 490-534
We analyze a large, anonymous labour market in which firms motivate their workers via relational contracts. The market is frictionless and features on-the-job search, in that all acceptable vacancies are immediately filled and the employed compete with the unemployed for vacancies. While firms...