Does search boost efficiency?

Teng Ge

Economics Letters, 2015, vol. 130, issue C, 72-74

Abstract: Poaching externality, arising from job-to-job turnovers, implies that a planner should allocate fewer resources to costly job creations. However, these search efforts increase competition among employers, and this could in turn internalize the externality, whereas the congestion externality requires a unit-elastic matching function.

Keywords: Search; Wage setting; Externality (search for similar items in EconPapers)
JEL-codes: D61 J31 J64 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:130:y:2015:i:c:p:72-74

DOI: 10.1016/j.econlet.2015.03.006

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