Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides: Markets with search costs
AbstractWhy are so many people unemployed at the same time that there are a large number of job openings? How can economic policy affect unemployment? This year’s Laureates have developed a theory which can be used to answer these questions. This theory is also applicable to markets other than the labor market.
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Bibliographic InfoPaper provided by Nobel Prize Committee in its series Nobel Prize in Economics documents with number 2010-2.
Length: 4 pages
Date of creation: 11 Oct 2010
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Web page: http://www.nobelprize.org
Find related papers by JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-23 (All new papers)
- NEP-DGE-2010-10-23 (Dynamic General Equilibrium)
- NEP-LAB-2010-10-23 (Labour Economics)
- NEP-MAC-2010-10-23 (Macroeconomics)
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