Showing 1 - 2 of 2
This paper studies the broad class of log-concave probability distributions that arise in economics of uncertainty and information.
Persistent link: https://www.econbiz.de/10005646983
Equilibrium search models require unobserved heterogeneity in productivityto fit observed wage distribution data, but provide no guidance about the location parameter of the heterogeneity. In this paper we show that the location of the productivity heterogeneity implies a mode in a kernel...
Persistent link: https://www.econbiz.de/10005675172