Hori, Kenjiro (2007) Directed-job match with hetereogeneity. Working Paper. Birkbeck, University of London, London, UK.
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Abstract
Matching process involves three stages of selection: application, candidates selection and job acceptance. In traditional matching models all three stages are assumed random, while in the directed-search literature only the first stage is generally assumed ‘directed’. This paper develops a job-matching model where all three selection stages are directed, by introducing heterogeneous preferences of firms and workers. Both firm-level and aggregate matching functions are derived, which in a comparison with random-matching models reveals that the coordination failure problem is worse under heterogeneous directed-match when the number of vacancies is small, but is better when it is large. Furthermore directed-search limits friction when the market consists of fewer but larger firms.
Metadata
| Item Type: | Monograph (Working Paper) |
|---|---|
| Additional Information: | BWPEF 0514 |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Administrator |
| Date Deposited: | 04 Apr 2019 15:31 |
| Last Modified: | 02 Aug 2023 17:50 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/27041 |
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