Garibaldi, Pietro; Moen, Espen R; Sommervoll, Dag Einar - C.E.P.R. Discussion Papers - 2014
The paper proposes a model of on-the-job search and industry dynamics in which search is directed. Firms permanently … differ in productivity levels, their production function features constant returns to scale, and search costs are convex in … search intensity. Wages are determined in a competitive manner, as firms advertise wage contracts (expected discounted …