Tag

directed_search

2 cards

Labour & employmentExpert Theory
Dual Coordination Frictions in Application-Based Matching
While higher search effort per worker resolves the first friction (reducing empty vacancies), it exacerbates the second friction (increasing double-job offers and candidate loss), causing aggregate matching efficiency to flatten and diminish beyond optimal application thresholds.
Labour & employmentExpert Theory
Ex-Post Bertrand Competition in Wage Determination
Endogenizing wage bargaining via Bertrand competition confirms that mandatory job search assistance lowers reservation wages ($w_l$), increases firm vacancy creation, and leads to a monotonic welfare decline as program participation intensity increases across the labor market.