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
Weapons of Conflict The trade unions and the employers (or their associations) have many ways of enforcing their demands on each other.   They include: Strikes:  The stri


Planned Economy Is a system where all major economic decisions are made by a government ministry or planning organisation. Here all questions about the allocation of resources

Factor combination in the long run In the long run it is possible to vary all factors of production. The firm is therefore restricted in its activities by the law of diminish

COSTS OF UNEMPLOMENT AND INFLATION   In  an  economy  both  unemployment  and  inflation  have  adverse effects  and policy makers  formulate policy instruments to contain both

In a one-shot game, if you advertise and your rival advertises, you will each earn RM5 million in profits. If neither of you advertises, your rival will make RM4 million and you w

calculate point elasticity of demand for demand function q=10-2p for decrease in price from rs 3 to rs 2



Disposable Income This is the income which households actually have available to spend or to save.  To calculate disposal income, which is indicated by Ya, the statistician mu