Specification and Estimation of Equilibrium Search Models

B-Tier
Journal: Review of Economic Dynamics
Year: 2001
Volume: 4
Issue: 1
Pages: 90-126

Authors (8)

H. Bunzel (not in RePEc) Bent Jesper Christensen (not in RePEc) Peter Jensen (Aarhus Universitet) Nicholas Kiefer L. Korsholm (not in RePEc) L. Muus (not in RePEc) G. R. Neumann (not in RePEc) Michael Rosholm (Aarhus Universitet)

Score contribution per author:

0.251 = (α=2.01 / 8 authors) × 1.0x B-tier

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

Abstract

This paper considers estimation of a pure equilibrium search model in which all heterogeneity is endogenous and due to information asymmetries, and of variations that allow better fits to the data. Measurement error and heterogeneity in the productivity levels of firms. The model is fit to a random sample of individuals representing 1% of the Danish population in the age group 16-75 years over the period 1981-90. All specifications are fit by maximum likelihood and provide readily interpretable parameter estimates. Variation in estimates across demographic groups is discussed. Several parameters are common across specifications, and their estimates are reasonably robust. (Copyright: Elsevier)

Technical Details

RePEc Handle
repec:red:issued:v:4:y:2001:i:1:p:90-126
Journal Field
Macro
Author Count
8
Added to Database
2026-01-25