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- W1520593329 abstract "We solve the equilibrium market structure in a labor market where vacancies and unemployed workers can meet either in an intermediated market where wages are determined by take-it-orleave- it offers, or in a directed search market where firms post wages. By using an intermediary agents avoid the coordination problem which prevails in the search market. We study a monopolistic intermediary and perfect competition between intermediaries, and we consider the welfare properties of an intermediary institution, compared to an economy with an uncoordinated search process only." @default.
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- W1520593329 date "2011-02-01" @default.
- W1520593329 modified "2023-09-27" @default.
- W1520593329 title "Coordination in the Labor Market" @default.
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