MATCHING WITH PHANTOMS

Fiche du document

Auteur
Date

13 avril 2010

Discipline
Type de document
Périmètre
Langue
Identifiants
Source

HAL SHS (Sciences de l’Homme et de la Société)

Collection

Archives ouvertes

Organisation

Centre pour la communication scientifique directe

Licence

info:eu-repo/semantics/OpenAccess

Mots-clés En

Endogenous matching technology Intertemporal and intratemporal congestion externalities Information persistence

Sujets proches En

Applied science Arts, Useful Useful arts Science, Applied Papers Specters Spectres Phantoms Specters Phantoms

Citer ce document

Bruno Decreuse, « MATCHING WITH PHANTOMS », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.40beb3...

Métriques

Partage / Export

Résumé En

Searching for partners involves informational persistence that reduces future traders' matching probability. In this paper, traders that are no longer available but who left tracks on the market are called phantoms. I examine a discrete-time matching market in which phantom traders are a by-product of search activity, no coordination frictions are assumed, and non-phantom traders may lose time trying to match with phantom traders. The resulting aggregate matching technology features increasing returns to scale in the short run, but has constant returns to scale in the long run. I discuss the labor market evidence and argue that there is observational equivalence between phantom unemployed and on-the-job seekers.

document thumbnail

Par les mêmes auteurs

Sur les mêmes sujets

Sur les mêmes disciplines