Now showing items 1-2 of 2
The Economics of 'New Blood'
(Vanderbilt University, 2001)
A dynamic general equilibrium model of search and matching is constructed in which: (i) the stock of public knowledge grows through time and (ii) workers accumulate a fraction of this knowledge through education while ...
Money and Prices in a Multiple Matching Decentralized Trading Model
(Vanderbilt University, 2000)
We study price determination and exchange patterns in a monopolistically competitive economy, in which both goods and (fiat) money are perfectly divisible. The decentralized trading environment features 'multiple matches,' ...