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Block Recursive Equilibria for Stochastic Models of Search on the Job

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NBER2009-04-01 更新2025-01-04 收录
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In this paper, we develop a general stochastic model of directed search on the job. Like in the analogous models of random search on the job, the state of the economy in our model includes the infinite-dimensional distribution of workers across different employment states (unemployment, and

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2009-04-01
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