Unemployment and other challenges. On the Nobel Prize in Economics awarded to Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides

Autors/ores

  • Joan Tugores Ques

Resum

The contributions by the 2010 Nobel Prize winners in Economics stand out in examinations of the role of frictions in different markets, in which heterogeneities and specificities make a search process necessary in order to find a reasonable match between the parties in a transaction. The applications to labor markets are noteworthy, with major implications for the determinants of employment and unemployment, and for policies on these matters. However, the findings can also be extrapolated to other kinds of markets and applications.

Descàrregues

Publicat

2012-07-03

Número

Secció

The Nobel Prizes of 2010