Fitting Equilibrium Search Models to Labour Market Data

Audra Bowlus (), Nicholas Kiefer () and G.R. Neumann

Working Papers from Centre for Labour Market and Social Research, Danmark-

Abstract: Specification and extimation of a burdett-mortensen type equilibrium search model is considered. The estimation problem is nonstandard. An estimation strategy asymptotically equivalent to maximum likelihood is proposed and applied.

Keywords: ECONOMIC EQUILIBRIUM; DYNAMIC PROGRAMMING; MAXIMUM LIKELIHOOD (search for similar items in EconPapers)
JEL-codes: C50 J20 J60 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:clmsre:96-02

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