A directed tour of search-theoretic explanations for unemployment
AbstractThis paper presents a survey and evaluation of search-theoretic models of unemployment. Four distinct categories of search models are identified and discussed: sequential sampling, equilibrium search, the matching function approach, and directed search. Each of these approaches are compared and contrasted, and the influence of each on current research directions is highlighted.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal New Zealand Economic Papers.
Volume (Year): 37 (2003)
Issue (Month): 2 ()
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- Benoit Julien & John Kennes & Ian King & Sephorah Mangin, 2008.
"Directed Search, Unemployment and Public Policy,"
Department of Economics - Working Papers Series
1049, The University of Melbourne.
- Razzak, Weshah, 2008. "On The dynamic of search, matching and productivity in New Zealand and Australia," MPRA Paper 8262, University Library of Munich, Germany.
- Julien, BenoI^t & Kennes, John & King, Ian, 2008. "Bidding for money," Journal of Economic Theory, Elsevier, vol. 142(1), pages 196-217, September.
- Richard Dutu & Benoit Julien & Ian King, 2009. "Liquidity Constrained Competing Auctions," Department of Economics - Working Papers Series 1068, The University of Melbourne.
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