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.
De Sinopoli, F., Ferraris, L., Meroni, C. (2024). Poisson Search. JOURNAL OF MATHEMATICAL ECONOMICS, 112(June 2024) [10.1016/j.jmateco.2024.102981].
Poisson Search
Ferraris L.;
2024
Abstract
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.
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