Author: Philipp Kircher Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We develop an equilibrium directed search model of the labor market where workers can simultaneously apply for multiple jobs. The main result is that all equilibria exhibit wage dispersion despite the fact that workers and firms are homogeneous. Wage dispersion is driven by the simultaneity of application choice. Risk-neutral workers apply for both "safe" and "risky" jobs. The former yield a high probability of a job offer, but for low pay, and act as a fallback option; the latter provide with higher potential payoff, but are harder to get. Furthermore, the density of posted wages is decreasing, consistent with stylized facts. Unlike most directed search models, the equilibria are not constrained efficient.
Author: Steve Alpern Publisher: Springer Science & Business Media ISBN: 1461468256 Category : Computers Languages : en Pages : 300
Book Description
Search games and rendezvous problems have received growing attention in computer science within the past few years. Rendezvous problems emerge naturally, for instance, to optimize performance and convergence of mobile robots. This gives a new algorithmic point of view to the theory. Furthermore, modern topics such as the spreading of gossip or disease in social networks have lead to new challenging problems in search and rendezvous. Search Theory: A Game Theoretic Perspective introduces the first integrated approach to Search and Rendezvous from the perspectives of biologists, computer scientists and mathematicians. This contributed volume covers a wide range of topics including rendezvous problems and solutions, rendezvous on graphs, search games on biology, mobility in governed social networks, search and security, and more. Most chapters also include case studies or a survey, in addition to a chapter on the future direction of Search and Rendezvous research. This book targets researchers and practitioners working in computer science, mathematics and biology as a reference book. Advanced level students focused on these fields will also find this book valuable as a secondary text book or reference.
Author: Dale Mortensen Publisher: MIT Press ISBN: 9780262633192 Category : Business & Economics Languages : en Pages : 170
Book Description
A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.
Author: Haoran He Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We explore the impact of wage offers on job applications, testing implications of the directed search model and trying to distinguish it from random search. We use a field experiment conducted on a Chinese job board, with real jobs for which we randomly varied the wage offers across three ranges. We find that higher wage offers raise application rates overall, which is consistent with directed search but can also arise with random search. We also find that higher wage offers raise application rates for job seekers with wage offers above reservation wages, and that - among the latter - the increase in application rates is stronger for those with higher reservation wages. The latter two types of evidence are consistent with directed search but not random search. Hence, our evidence lends support to directed search models.
Author: Henning Bunzel Publisher: Emerald Group Publishing ISBN: 0444520899 Category : Business & Economics Languages : en Pages : 613
Book Description
Selected papers from a conference held in honour of Professor Dale T. Mortensen upon the occasion of his 65th birthday. It includes papers on some of Professor Dale T. Mortensen's current research topics, as well as additional theoretical papers, and micro- and macro-econometric papers.
Author: Federico Echenique Publisher: Cambridge University Press ISBN: 1108831990 Category : Business & Economics Languages : en Pages : 721
Book Description
Written by more than fifty top researchers, this text comprehensively covers a major inter-disciplinary field and its important applications.
Author: Robert A. Cord Publisher: Springer ISBN: 113758274X Category : Business & Economics Languages : en Pages : 949
Book Description
The London School of Economics (LSE) has been and continues to be one of the most important global centres for economics. With six chapters on themes in LSE economics and 29 chapters on the lives and work of LSE economists, this volume shows how economics became established at the School, how it produced some of the world’s best-known economists, including Lionel Robbins and Bill Phillips, plus Nobel Prize winners, such as Friedrich Hayek, John Hicks and Christopher Pissarides, and how it remains a global force for the very best in teaching and research in economics. With original contributions from a stellar cast, this volume provides economists – especially those interested in macroeconomics and the history of economic thought – with the first in-depth analysis of LSE economics.
Author: Vladimír Mařík Publisher: Springer ISBN: 3319228676 Category : Computers Languages : en Pages : 247
Book Description
This book constitutes the refereed proceedings of the 7th International Conference on Industrial Applications of Holonic and Multi-Agent Systems, HoloMAS 2015, held in Valencia, Spain, in September 2015. The 19 revised full papers presented together with one invited talk were carefully reviewed and selected from 27 submissions. The papers are organized in the following topical sections: surveys, conceptual design and validation, digital factories and manufacturing control systems, ARUM: adaptive production management, and smart grids, complex networks and big data.
Author: Philipp Kircher
Author: Ronald Paul Wolthoff
Author: Steve Alpern
Author: Dale Mortensen
Author: Haoran He
Author: Orley Ashenfelter
Author: Henning Bunzel
Author: Federico Echenique
Author: Robert A. Cord
Author: Vladimír Mařík