Gautier, Pieter A.; Teulings, Coen N.; Vuuren, Aico Van - In: Review of Economic Studies 77 (2010) 1, pp. 245-272
This paper characterizes the equilibrium for a large class of search models with two-sided heterogeneity and on-the-job search. Besides the well-known congestion externalities, we show that on-the-job search in combination with monopsonistic wage setting without commitment creates a...