Markets with Search Friction and the DMP Model JSTOR
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VOL 101 NO. 4 MORTENSEN: MARKETS WITH SEARCH FRICTION AND THE DMP MODEL 1075 In the late 1960s a group of economists (George J. Stigler 1962; Charles Holt and Martin
Part 1 Unemployment in the model of balanced growth: the labour market long-run equilibrium and balanced growth adjustment dynamics. Part 2 further ananlysis of the labour
Markets with Search Friction and the DMP Model
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Download Citation Markets with Search Friction and the DMP Model Dale T. Mortensen delivered his Prize Lecture on 8 December 2010 at Aula Magna, Stockholm University. Find,
Markets with Search Friction and the DMP Model by Dale T. Mortensen. Published in volume 101, issue 4, pages 1073-91 of American Economic Review, June 2011 "Markets
Mortensen, Dale T., Markets with Search Friction and the
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Search all Archival and Manuscript Collections; Mortensen, Dale T., Markets with Search Friction and the DMP Model, 2010 File — Box: 66, Folder: 4 Cite Staff Only Request
Markets with Search Friction and the DMP Model by Dale T. Mortensen. Published in volume 101, issue 4, pages 1073-91 of American Economic Review, June 2011 "Markets with Search
Markets with Search Friction and the DMP Model
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. "Markets with Search Friction and the DMP Model," American Economic Review, American Economic Association, vol. 101(4), "Search-Theoretic Models
, vol. 101, issue 4, 1073-91 Date: 2011 References: View references in EconPapers View
Markets with Search Friction and the DMP Model
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"Implications of Search Frictions for Tradeable Permit Markets," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205798, Agricultural and Applied
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- What is a'matching labour demand and supply' argument?
- The argument is related to theoretical concept of matching labour demand and supply (Beveridge curve framework) and search frictions on the labour market presented by Diamond, Mortensen and Pissarides (known as DMP model) (see Mortensen 2011 ).
- How do we extend the benchmark model of DMP?
- We extend the benchmark model of DMP in a two-sector general equilibrium framework by introducing a frictionless segment of the labour market. We also examine the effects of trade reforms and labour…
- What is a matching function in a DMP model?
- The specification of the matching function adopted in what became known as the DMP model is a generalization of the linear case defined above. Specifically, the flow of matches is increasing, concave, and linearly homogenous in its two arguments, the number of unemployed workers and the number of vacancies participating in the matching process.
