Misallocation inefficiency in partially directed search

DOI10.1016/J.JET.2022.105559MaRDI QIDQ2682013zbMATH OpenOpenAlexFDO

Authors Stanislav Rabinovich, Ronald Wolthoff

Publication date 31 January 2023

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2022.105559

zbMATH Keywords

directed searchlabor marketsmarket powerminimum wagemisallocationrandom search

Mathematics Subject Classification ID

Search theory (90B40) Labor markets (91B39)

Recommendations

• Directed search, rationing and wage dispersion
• Participation, recruitment selection, and the minimum wage
• Search and the Efficient Assignment of Workers to Jobs
• Efficiency in a search and matching model with participation policy
• Directed search with multi-vacancy firms

Cites work

• Block recursive equilibria for stochastic models of search on the job
• Cross-Sectional Efficiency and Labour Hoarding in a Matching Model of Unemployment
• Directed Search for Equilibrium Wage-Tenure Contracts
• Efficiency in a search and matching model with endogenous participation
• Efficiency in a search and matching model with participation policy
• Efficiency in search and matching models: a generalized hosios condition
• Efficiency of job creation in a search and matching model with labor force participation
• Frictional goods markets: theory and applications
• On the Efficiency of Matching and Related Models of Search and Unemployment
• Sorting and decentralized price competition
• Targeted search in matching markets

Cited in

(3)

• Inefficiencies on linking decisions
• Noncontractible Heterogeneity in Directed Search
• Participation, recruitment selection, and the minimum wage

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