Tag
matching_function
2 findings
Labour & employmentDual Coordination Frictions in Application-Based MatchingWhile 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.Expert TheoryLabour & employmentUrn-Ball Matching Function with Elastic Search EffortThe urn-ball functional form micro-founds crowding-out externalities, yielding structural elasticity estimates where increased search intensity of treated workers directly depresses the contact rate per unit of search effort for non-treated workers.Expert Theory