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    Directed-job match with hetereogeneity

    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: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Administrator
    Date Deposited: 04 Apr 2019 15:31
    Last Modified: 22 Jul 2020 05:48
    URI: https://eprints.bbk.ac.uk/id/eprint/27041

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