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

Ask an Expert

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

Write your message here..

Related Questions

Describe the forecasting method in managerial economics, Describe the Forec... Describe the Forecasting method in managerial economics It is a technique or a method to predict many future aspects of a business or any other operation. For illustration, a r

Realism of perfect competition, REALISM OF PERFECT COMPETITION The ass... REALISM OF PERFECT COMPETITION The assumptions of perfect competition are obviously at variance with the conditions which actually exist in real world markets.  Some market

Explain the efficiency wage model, Q. Explain the Efficiency wage model? ... Q. Explain the Efficiency wage model? Efficiency wage models such as Shapiro and Stiglitz (1984) suggest wage rents as an addition to monitoring, because this gives employees a

Describe the gift exchange model of reciprocity, Q. Describe the gift excha... Q. Describe the gift exchange model of reciprocity? George Akerlof (1982) develops a gift exchange model of reciprocity in that employers offer wages unrelated to variations in

Disposable income, Disposable Income This is the income which househol... 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

A budget deficit that is only temporary, "A budget deficit that is only tem... "A budget deficit that is only temporary cannot be the source of inflation."  Is this statement true, false, or uncertain?  Describe your answer.

Law of variable proportions, what does it mean? what does it mean?

Explain the concept of demand function, Q. Explain the concept of demand fu... Q. Explain the concept of demand function? Identical to the demand theory which pivots around the concept of demand function, theory of production revolves around the concept o

Qt, applicatiopn of qt in managerial decision making applicatiopn of qt in managerial decision making

Difference between a static budget and a flexible budget, 1.  What is the d... 1.  What is the difference between a static (master) budget and a flexible budget? Ans:  static budget is where a budget doesn't change a volume changes.  An example could be th