Abstract
Another approach to the foundation of the U/V curve is the one via matching models comprising elements of search theory. The superiority of this approach to the foundation via the employment function stems from three sources: firstly, from a dynamic view of the labour market transactions, secondly, from the capability of explaining the coexistence of unemployment and vacancies in any single submarket and, thirdly, from a microeconomic foundation of the macro U/V curve.
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© 1992 Springer-Verlag Berlin Heidelberg
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Christl, J. (1992). The Foundation of the U/V Curve by a Matching Model. In: The Unemployment/Vacancy Curve. Studies in Empirical Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-50304-7_4
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DOI: https://doi.org/10.1007/978-3-642-50304-7_4
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-642-50306-1
Online ISBN: 978-3-642-50304-7
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