Search and matching model, Managerial Economics

Search and Matching Model

It  should  be  clear  to  you  fiom  the  earlier section  that  there  are  a  variety  of models under the rubric of  search theory.  In  this section we examine o,ne  such model  at close quarters.  Peter  Howitt  originally  developed  the  model  as "Business Cycles with Costly Search and Recruiting"  in  the Quarterly Journal of Econometrics  in 1988. The exposition here is based on Blanchard and Fischer (2000). Unlike in  other  sections of this  unit,  the exposition  in  this section is necessarily more technical. It is important to follow it through, perhaps with the help of the book,  in order to get a flavour of the kind  of analysis that you will find in the literature today. The approach is descriptive and the use of equations is minimised. Going through equations, however, can add to the. understanding of  the expounded  ideas  and  you  are advised to follow the  equations-based exposition of the model in Blanchard and Fischer (2000). 

Posted Date: 10/26/2012 6:22:54 AM | Location : United States







Related Discussions:- Search and matching model, Assignment Help, Ask Question on Search and matching model, Get Answer, Expert's Help, Search and matching model Discussions

Write discussion on Search and matching model
Your posts are moderated
Related Questions
A baseball team is trying to predict ticket sales for the upcoming season. They are also considering increasing prices. The market has a population of 2 million persons. The team s


To eliminate competition and thereby secure higher prices, firms producing a specific product can come together and make monopoly agreements. These are called as industrial combina

Foreign Exchange Markets It is the place where buyers and sellers meet to negotiate the exchange of different currencies e.g. forex bureaus. Exchange Rates These are

Q. Characteristics of perfect competition market? Following are the characteristics of perfect competition market:  • Large Number of Sellers andBuyers: As there are a lar

Describe and answer in economic terms a managerial decision you have knowledge about (for example one that has to be made at your place of employment). Some examples of decisions a

Perfectly Inelastic (Zero Elastic) Supply Supply is said to be perfectly inelastic if the quantity supplied is constant at all prices.  The supply curve is a vertical straight

Equilibrium and Disequilibrium in the Balance of Payments If on the current account , the value of exports is equal to the value of imports, the balance of payments is said t

Determine the Market demand curve Market demand curve is the horizontal summation of individual demand curves. The individual demand schedules plotted graphically and summed up