Optimal job 

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exploring ambiguous impact employment protection pdf
... can derive optimal job creation and destruction using the methods in kamien and muller (1976) for an optimal control problem with integral state equations (see again appendix a.2). when job creation is optimal we ... reduction in search costs of having one more unemployed (potentially negative) value of unemployment bld. optimal job destruction occurs when a(t -t(t)) (bld -cu(t))a(t), (3.19) matches ...
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dp206sorting and output loss due search frictions 0 pdf
... job. but also if workers and jobs are heterogeneous but search frictions are absent, workers will instantaneously be employed at their optimal job types and it does not matter how much output falls if a worker is matched with a sub optimal job ...
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