Gautier, Pieter A. (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)
Abstract
When students apply to universities or unemployed workers search in the labor market, an increase of time input of one person (resulting in more applications) will increase the waiting time of the others. In this paper it will be show that in a decentralized market there will be excessive congestion Moreover, congestion increases with both the mean and the variance of the net benefits associated with waiting across the population.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Free University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number
0037.
For technical questions regarding this item, or to correct its listing, contact: (R. Dam).
Related research
Keywords:
Find related papers by JEL classification: J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
This paper has been announced in the following NEP Reports:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Caballero, Ricardo J, 1992.
"A Fallacy of Composition,"
American Economic Review,
American Economic Association, vol. 82(5), pages 1279-92, December.
[Downloadable!] (restricted)
Other versions:
George A. Akerlof & Andrew K. Rose & Janet L. Yellen, 1990.
"Waiting for work,"
Proceedings,
Federal Reserve Bank of San Francisco, issue Nov.
Other versions:
George A. Akerlof & Andrew K. Rose & Janet L. Yellen, 1990.
"Waiting for Work,"
NBER Working Papers
3385, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Did you know? You can create a compilation of all publications of a group of people, say alumni of a program, your students or memers of an association.