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Job search with bidder memories

Carrillo-Tudela, C and Menzio, G and Smith, E (2011) 'Job search with bidder memories.' International Economic Review, 52 (3). 639 - 655. ISSN 0020-6598

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Abstract

This article revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can recall previously encountered potential employers in order to engage them in Bertrand bidding have a distinct advantage over workers without such attachments. Firms account for this difference when hiring a worker. When a worker first meets a firm, the firm offers the worker a sufficient share of the match rents to avoid a bidding war in the future. The pair share the gains to trade. In this case, the Diamond paradox no longer holds. © (2011) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 03 Jul 2012 10:37
Last Modified: 09 Oct 2020 15:15
URI: http://repository.essex.ac.uk/id/eprint/2663

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