Labour economics

Consider the Burdett-Mortensen model of on-the-job search studied in lectures and if the assumption of on-the-job search is removed, then it is not possible to write a correct equal profits condition.

Labour economics Answer the following question. Question 1 Are the statements in the paragraph below correct or incorrect? Explain. The answer must include one mathematical expression, and not more than one. “Consider the Burdett-Mortensen model of on-the-job search studied in lectures. If the assumption of on-the-job search is removed, then it is not possible to […]

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