We present a model of the job market where the number of workers and companies is uncertain, representing the job search activity as a Poisson game. We allow for heterogeneity of workers and companies and show that in equilibrium more productive types choose higher terms of trade. The Poisson search model gives rise to multiple, possibly inefficient equilibria.
Product ID:
139514
Handle IRIS:
11562/1126091
Last Modified:
November 7, 2024
Bibliographic citation:
De Sinopoli, Francesco; Ferraris, Leo; Meroni, Claudia,
Poisson Search«JOURNAL OF MATHEMATICAL ECONOMICS»
, vol. 112
, 2024
, pp. 1-13