Professional Documents
Culture Documents
Theory
Nobel Prize
Winning Model -
2010
Prof. D. Joseph Anbarasu,
Bishop Heber College, Tiruchirappalli, India
Contributors
• Peter Diamond, Dale
Mortensen and
Christopher Pissarides.
• Justin Lahart and David.
• Jonathan Cheng.
For simplicity, many studies treat d as a fixed constant. But the fraction of
workers separating per period of time can be determined endogenously if
we assume that the value of being matched varies over time for each
worker-firm pair (due, for example, to changes in productivity).