Tag
search_theory
2 findings
Labour & employmentUnsafe Search RegimeProves mathematically that in the intermediate "unsafe regime" where minimum qualification $z$ binds, a downward belief shock ($\mu$) increases search expenditure ($s$) to avoid remaining unmatched under vacancy penalty ($\kappa$).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