Decentralized job matching
نویسندگان
چکیده
منابع مشابه
Decentralized job matching
This paper studies a decentralized job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfilled propose to other candidates. We distinguish between several cases, depending on whether agents’ actions are simultaneous ...
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In the U.S. labor market, the vacancy-unemployment ratio and employment react sluggishly to productivity shocks. We show that the job matching model in its standard form cannot reproduce these patterns due to excessively rapid vacancy responses. Extending the model to incorporate sunk costs for vacancy creation yields highly realistic dynamics. Creation costs induce entrant firms to smooth the ...
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Article history: Received 2 August 2007 Available online 14 January 2015 JEL classification: C78 D83
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In the U.S. labor market, the vacancy-unemployment ratio and employment react sluggishly to productivity shocks. We show that the job matching model in its standard form cannot reproduce these patterns due to excessively rapid vacancy responses. Extending the model to incorporate sunk costs for vacancy creation yields highly realistic dynamics. Creation costs induce entrant firms to smooth the ...
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ژورنال
عنوان ژورنال: International Journal of Game Theory
سال: 2010
ISSN: 0020-7276,1432-1270
DOI: 10.1007/s00182-009-0218-x