Showing 1 - 10 of 372
-based incentives elicit not only productive effort, but also costly information manipulation. We analyze the tradeoffs involved in …
Persistent link: https://www.econbiz.de/10005014567
We study two-sided markets with a finite numbers of agents on each side, and with two-sided incomplete information … potential increase in expected output due to assortative matching (relative to random matching) is completely offset by the … costs of signalling. We also study how the signalling activity and welfare on each side of the market change when we vary …
Persistent link: https://www.econbiz.de/10005114323
personal connections. First among them is the reliable transmission of information. In this paper we begin from a model of … productivity. We study the extent to which the possibility of signalling reduces the reliance on the network. We find that the … that to be effective signalling must fulfill two contradictory requirements: unless the signal is extremely precise, it …
Persistent link: https://www.econbiz.de/10005114206
We study active labor market policies (ALMP) in a matching model. ALMPs are modelled as a subsidy to job search …
Persistent link: https://www.econbiz.de/10011093685
This study examines the extent to which the transition from university education to work is characterized by persistent hiring flows between university faculties and firms, rather than being characterized by an open market process. Using a specially devised metric, I find that more than one-half...
Persistent link: https://www.econbiz.de/10005662002
We consider a finite number of firms, which compete imperfectly for heterogeneous workers. Firms produce a homogeneous good, sold on a competitive market, and face demand-induced price fluctuations. It is then shown that unemployment may arise in equilibrium because of both uncertainty of...
Persistent link: https://www.econbiz.de/10005791611
elements such as commuting costs and land prices and on labour elements such as wages and the matching technology. In the …
Persistent link: https://www.econbiz.de/10005114164
This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage determination are treated as endogenous outcomes of job...
Persistent link: https://www.econbiz.de/10005497772
depends crucially on these urban equilibria since the aggregate information about economic opportunities depends on the shape …
Persistent link: https://www.econbiz.de/10005656179
signalling technologies, also in terms of aggregate consumption. …
Persistent link: https://www.econbiz.de/10005656414