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
Barriers to entry in pure oligopoly The barriers to entry can be artificial or natural. Artificial Barriers This can be acquired through: State protection throu

Economics has two major branches: (1) micro economics, and (2) both micro and macro economics theories. The parts of micro and macro economics that constitute managerial economics

Contributions of economic theory to business economics According to Baumol, there are 3 key contributions of economic theory to business economics. 1.  Practice of building

Q. Proportion of Market Supplied - Determinants of Demand? Price elasticity of market demand moreover relies on the proportion of market supplied at the determined price. If le

Broader the range of other uses of a commodity, higher the price elasticity of its demand intended for the fall in price though less elastic for the increase in price. As price of

Assume that input prices are constant at r = 1, w = 1, with technology which consists of 5 processes having the following properties: Process Inputs Capital (machine hours)

Problem 1: (a) Distinguish between political and partisan monetary cycles on inflation and unemployment rates. (b) In the rule versus discretion literature, explain how dy

Give some examples for marginal and incremental principle

Explain about Pragmatic Managerial economics is pragmatic. In pure micro-economic theory, analysis is performed based on certain exceptions that are far from reality. Though in