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Recent developments in structural microeconomics : [19th meeting of (EC) 2 held in Rome, Italy, on December 19 - 20, 2008]

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Robin, Jean-Marc - 2010

Postel-Vinay and Robin' (2002) sequential auction model is extended to allow for aggregate productivity shocks. Workers exhibit permanent differences in ability while firms are identical. Negative aggregate productivity shocks induce job destruction by driving the surplus of matches with low...

Persistent link: https://www.econbiz.de/10003942201