Costly Search and Recruiting
Costly Search and Recruiting
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昂贵的搜索和招聘
DOI:
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发表时间:
1987
期刊:
影响因子:
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通讯作者:
R. McAfee
中科院分区:
文献类型:
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作者:
P. Howitt;R. McAfee
A labor market model with costly search and recruiting is constructed. It incorporates many features found in other models and provides new insights into the effects of externalities and transaction costs. The model possesses a continuum of equilibria, some of which may be Pareto-ranked, with different rates of unemployment. Despite the multiplicity of equilibria, comparative-statics results are obtained. Copyright 1987 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.