Transitional dynamics of the search model with endogenous growth
Article Abstract:
The standard matching model was proven to be useful in the analysis of capital accumulation, endogenous growth and unemployment. The model was able to illustrate the presence and distinctiveness of a balanced growth path with a stationary unemployment rate, as well as the relationship between unemployment and growth. It was also able to derive an asymmetry in the adjustment of employment over the cycle.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1998
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Mitigating non-contractibility with interim randomization
Article Abstract:
Interim randomization is examined in the context of multi-sided problems affecting contracting settings. A principal-agent model is developed showing random optimal contracts.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 2001
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