Island matching

A-Tier
Journal: Journal of Economic Theory
Year: 2009
Volume: 144
Issue: 6
Pages: 2336-2353

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A plausible micro foundation for the matching function, postulated in models of equilibrium unemployment, is proposed. The flow of matches formed is an increasing and concave function of the number of jobs and workers to be matched holding the other constant, but exhibits increasing to scale. Nevertheless, the function is consistent with the observed Beveridge curve and the log linear relationship between the job finding rate and the vacancy-unemployment ratio. Although a market equilibrium in which wages are determined by ex post auctions is not constrained efficient, a modified auction exists that decentralizes the solution to the social planner's problem.

Technical Details

RePEc Handle
repec:eee:jetheo:v:144:y:2009:i:6:p:2336-2353
Journal Field
Theory
Author Count
1
Added to Database
2026-01-26