Costly Search and Recruiting
构建了一个包含昂贵搜寻和招聘成本的劳动力市场模型,整合了其他模型中的许多特征,并提供了关于外部性和交易成本影响的新见解。该模型存在连续均衡,部分可按帕累托排序,失业率不同。尽管均衡多重,仍得到了比较静态结果。
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.