Stochastic Search Equilibrium

We study equilibrium wage and employment dynamics in a class of popular search models with wage posting, in the presence of aggregate productivity shocks. Firms offer and commit to (Markov) contracts, which specify a wage contingent on all payoff-relevant states, but must pay equally all of their wo...

Full description

Saved in:
Bibliographic details
Volume: 80
Main Author: GIUSEPPE MOSCARINI
FABIEN POSTEL-VINAY
Format: Journal Article
Language: English
Place of publication: OXFORD Oxford University Press 01.10.2013
OXFORD UNIV PRESS
published in: The Review of economic studies Vol. 80; no. 4 (285); pp. 1545 - 1581
Data of publication: 20131001
ISSN: 0034-6527
1467-937X
EISSN: 1467-937X
Discipline: Economics
Subjects:
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Knowledge
Web of Science - Social Sciences Citation Index - 2013
Web of Science
CrossRef
Database information Databases - DBIS