IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v18y1986i6p803-825.html
   My bibliography  Save this article

Towards an Alternative Conception of Job-Search Theory and Policy: Information as an Indeterminate Process

Author

Listed:
  • G L Clark

    (School of Urban and Public Affairs, Carnegie-Mellon University, Pittsburgh, PA 15213, USA)

Abstract

The theoretical heritage of job-search models is reconsidered, with a stress on their roots in neoclassical equilibrium theory. A different conception of the “imperfect†information problem is proposed, namely what is called ‘indeterminate’ information. Competing economic and geographical models of job search are reviewed and the logic of indeterminate information applied. A research agenda is introduced, which highlights the role that contracts play in allocating the costs of indeterminate information. Last, implications are drawn regarding the role of public policy.

Suggested Citation

  • G L Clark, 1986. "Towards an Alternative Conception of Job-Search Theory and Policy: Information as an Indeterminate Process," Environment and Planning A, , vol. 18(6), pages 803-825, June.
    • Handle: RePEc:sae:envira:v:18:y:1986:i:6:p:803-825
    DOI: 10.1068/a180803
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a180803
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a180803?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Oliver Hart, 1982. "A Model of Imperfect Competition with Keynesian Features," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(1), pages 109-138.
    2. John J. McCall, 1982. "The Economics of Information and Uncertainty," NBER Books, National Bureau of Economic Research, Inc, number mcca82-1, May.
    3. Grossman, Gene M., 1986. "Imports as a cause of injury: The case of the U.S. steel industry," Journal of International Economics, Elsevier, vol. 20(3-4), pages 201-223, May.
    4. Oliver D. Hart, 1983. "Optimal Labour Contracts under Asymmetric Information: An Introduction," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 50(1), pages 3-35.
    5. MacDonald, Glenn M, 1982. "A Market Equilibrium Theory of Job Assignment and Sequential Accumulation of Information," American Economic Review, American Economic Association, vol. 72(5), pages 1038-1055, December.
    6. Greenwood, Michael J., 1981. "Migration and Economic Growth in the United States," Elsevier Monographs, Elsevier, edition 1, number 9780123006509 edited by Mills, Edwin S..
    7. Hall, Robert E, 1982. "Monetary Trends in the United States and the United Kingdom: A Review from the Perspective of New Developments in Monetary Economics," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1552-1556, December.
    8. John J. McCall, 1982. "Introduction to "The Economics of Information and Uncertainty"," NBER Chapters, in: The Economics of Information and Uncertainty, pages -11, National Bureau of Economic Research, Inc.
    9. Vasilev, Aleksandar & Maksumov, Rashid, 2010. "Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and Money (1936)," EconStor Research Reports 155318, ZBW - Leibniz Information Centre for Economics.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Georges Prat, 1996. "Le modèle d'évaluation des actions confronté aux anticipations des agents informés," Revue Économique, Programme National Persée, vol. 47(1), pages 85-110.
    2. Karl Duvemo & Tomas Lämås & Ljusk Eriksson & Peder Wikström, 2014. "Introducing cost-plus-loss analysis into a hierarchical forestry planning environment," Annals of Operations Research, Springer, vol. 219(1), pages 415-431, August.
    3. Kuzmin, Evgeny, 2014. "Individual Scaling and Overall Evaluation of System Uncertainty," MPRA Paper 60509, University Library of Munich, Germany.
    4. Macauley, Molly, 2005. "The Value of Information: A Background Paper on Measuring the Contribution of Space-Derived Earth Science Data to National Resource Management," RFF Working Paper Series dp-05-26, Resources for the Future.
    5. Kuzmin, E. A., 2012. "Uncertainty & Certainty in Management of Organizational-Economic Systems," MPRA Paper 42006, University Library of Munich, Germany.
    6. Lundgren, Lena & Rankin, Bruce, 1998. "What matters more: The job training program or the background of the participant? An HLM analysis of the influence of program and client characteristics on the wages of inner-city youth who have compl," Evaluation and Program Planning, Elsevier, vol. 21(1), pages 111-120, February.
    7. Grandmont, Jean-michel, 1989. "Keynesian issues and economic theory," CEPREMAP Working Papers (Couverture Orange) 8907, CEPREMAP.
    8. Kuzmin, Evgeny Anatol'evich, 2012. "Analytical content of properties of uncertainty and certainty of organizational-economic systems: derivatives indicators," MPRA Paper 39584, University Library of Munich, Germany.
    9. Timothy Erickson & Toni M. Whited, 2000. "Measurement Error and the Relationship between Investment and q," Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 1027-1057, October.
    10. Michael Waldman, 1990. "A Signalling Explanation for Seniority Based Promotions and Other Labor Market Puzzles," UCLA Economics Working Papers 599, UCLA Department of Economics.
    11. Lloyd Ulman, 1992. "Why Should Human Resource Managers Pay High Wages?," British Journal of Industrial Relations, London School of Economics, vol. 30(2), pages 177-212, June.
    12. Antonio Cabrales & Rosemarie Nagel & Roc Armenter, 2007. "Equilibrium selection through incomplete information in coordination games: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 10(3), pages 221-234, September.
    13. Emilio Espino & Thomas Hintermaier, 2009. "Asset trading volume in a production economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(2), pages 231-258, May.
    14. Bruche, Max & Segura, Anatoli, 2017. "Debt maturity and the liquidity of secondary debt markets," Journal of Financial Economics, Elsevier, vol. 124(3), pages 599-613.
    15. V. Ragupathy & Stefano Zambelli & K. Vela Velupillai, 2013. "A Non-linear Model of the Trade Cycle: Mathematical Reflections on Hugh Hudson's Classic," Australian Economic Papers, Wiley Blackwell, vol. 52(2), pages 115-125, June.
    16. Jae W. Chung, 1998. "Effects of U.S. Trade Remedy Law Enforcement under Uncertainty: The Case of Steel," Southern Economic Journal, John Wiley & Sons, vol. 65(1), pages 151-159, July.
    17. Hany Shawky & Ronald Forbes & Alan Frankle, 1983. "Liquidity Services and Capital Market Equilibrium: The Case for Money Market Mutual Funds," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 6(2), pages 141-152, June.
    18. Tan Wang & Tony S. Wirjanto, 2016. "Risk Aversion, Uncertainty, Unemployment Insurance Benefit and Duration of "Wait" Unemployment," Annals of Economics and Finance, Society for AEF, vol. 17(1), pages 1-34, May.
    19. Hideaki Aoyama & Hiroshi Yoshikawa & Hiroshi Iyetomi & Yoshi Fujiwara, 2008. "Labour Productivity Superstatistics," Papers 0809.3541, arXiv.org.
    20. Ulrich van Suntum, "undated". "The Purchasing Power Argument – Could Rising Wages Foster Employment?," Working Papers 200126, Institute of Spatial and Housing Economics, Munster Universitary.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:18:y:1986:i:6:p:803-825. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.