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In: Research report 36
In: Journal of political economy, Band 92, Heft 5, S. 824-840
ISSN: 1537-534X
In: Journal of political economy, Band 92, Heft 5, S. 824-840
ISSN: 0022-3808
Es wird ein Gleichgewichtsmodell der Sucharbeitslosigkeit entwickelt mit dessen Hilfe die Auswirkungen der Zahlung von Arbeitslosengeld auf die Sucharbeitslosigkeit analysiert werden. (IAB)
In: Journal of labor economics: JOLE, Band 17, Heft 1, S. 141-167
ISSN: 1537-5307
In: Journal of labor economics: JOLE, Band 10, Heft 4, S. 438-461
ISSN: 1537-5307
In: Journal of economic dynamics & control, Band 15, Heft 4, S. 755-769
ISSN: 0165-1889
In: Discussion paper series 3137
We consider the problem of sequential search when the decision to stop searching is made by a committee. We show that a symmetric stationary equilibrium exists and is unique given that the distribution of rewards is log concave. Committee members set a lower acceptance threshold than do single-agent searchers. In addition, mean preserving spreads in the distribution of rewards may lower each member's continuation value - an impossibility in the single-agent setting. If committee members are very patient or very impatient, expected search duration is lower than it would be for a single agent, but, for intermediate levels of patience, this comparison may be reversed. Holding the fraction of votes required to stop fixed, expected search duration rises with committee size on patient committees but falls with committee size on impatient committees. Finally, we consider the effect of varying the number of votes required to stop, holding committee size constant. We show that the welfare-maximizing vote threshold increases in the rate of patience and that there is a finite bound on patience such that unanimity is welfare maximizing. -- Sequential search ; voting
In: The journal of human resources, Band 34, Heft 2, S. 294
ISSN: 1548-8004
In: Journal of development economics, Band 83, Heft 2, S. 466-490
ISSN: 0304-3878
In: Journal of development economics, Band 83, Heft 2, S. 466-490
ISSN: 0304-3878
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