Journal of Political Economy Vol. 105 No. 2 1997
Competitive Search Equilibrium
open access
Abstract
In this paper, the author constructs an equilibrium for markets with frictions, which is competitive in the sense that all agents are price takers and maximize utility subject to a set of market parameters. He shows that the equilibrium can be achieved if employers with vacancies can advertise publicly the wages they pay.
- DOI
- 10.1086/262077
- Volume
- 105
- Issue
- 2
- Pages
- 385-411
- Language
- en
- Sources
- crossref bibtex:phds-export.bib openalex