Construct · 1 fields · 1 citations

sequential auctions model: a standalone construct

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Labor economics

job search model in which employers counter outside offers to their workers, so wages rise within a job as competing offers arrive.

In labor economics, sequential auctions model refers to job search model in which employers counter outside offers to their workers, so wages rise within a job as competing offers arrive. This meaning comes from Postel-Vinay (2002) in Econometrica.[1]

Unit
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Nearby constructs

counter1 fields · 1 citationsanchor · a standalone construct labor4 fields · 4 citationsjingle · one word, four constructs model3 fields · 3 citationsjingle · one word, three constructs

References

Postel-Vinay, F., & Robin, J. (2002). Equilibrium Wage Dispersion with Worker and Employer Heterogeneity. Econometrica, 70(6), 2295-2350. https://doi.org/10.1111/1468-0262.00377

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