Coordination in the Labor Market

Arbeitspapier

We solve the equilibrium market structure in a labor market where vacancies and unemployed workers can meet either in an intermediated market where wages are determined by take-it-orleave- it offers, or in a directed search market where firms post wages. By using an intermediary agents avoid the coordination problem which prevails in the search market. We study a monopolistic intermediary and perfect competition between intermediaries, and we consider the welfare properties of an intermediary institution, compared to an economy with an uncoordinated search process only.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion paper ; No. 64

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Market Structure, Pricing, and Design: General ; Labor Contracts ; Unemployment: Models, Duration, Incidence, and Job Search
• Thema: intermediary ; matching ; labor market

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Halko, Marja-Liisa ; Virrankoski, Juha
• Ereignis: Veröffentlichung
• (wer): Aboa Centre for Economics (ACE)
• (wo): Turku
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/233280
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ