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  • Efficiency in a Search and Matching Model with Endogenous Participation 

    Navarro, Lucas; Albrecht, James; Vroman, Susan (Universidad Alberto Hurtado. Facultad de Economía y Negocios, 2009)
    We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect to market productivity, satisfying the Hosios rule leads to excessive vacancy creation. The reason ...

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