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Wage differentials, employer size, and unemployment

K Burdett… - International Economic Review, 1998 - JSTOR
The unique equilibrium solution to a game in which a continuum of individual employers
choose permanent wage offers and a continuum of workers search by sequentially sampling
from the set of offers is characterized. Wage dispersion is a robust outcome provided that ...
Cited by 954 - Related articles - Get it from MIT Libraries - BL Direct - All 5 versions

Equilibrium price dispersion

[PDF] from marginalq.com
K Burdett, KL Judd - Econometrica: Journal of the Econometric Society, 1983 - JSTOR
It is shown that wquilibria with dispersed prices exist in environments with identical and
rational agents on both sides of the market. In particular, the original Stigler model of
nonsequential search often has many equilibria, some with price dispersion. Also, price ...
Cited by 813 - Related articles - Get it from MIT Libraries - Library Search - All 17 versions

A theory of employee job search and quit rates

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K Burdett - The American Economic Review, 1978 - JSTOR
The purpose of this study is to develop and analyze a model of job search which allows for
the possibility of workers looking for a job while employed. Such a model leads to significant
generalizations of results already in the job search literature. Results obtained are then ...
Cited by 649 - Related articles - All 2 versions

Pricing and matching with frictions

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K Burdett, S Shi… - Journal of Political Economy, 2001 - JSTOR
Suppose that n buyers each want one unit and m sellers each have one or more units of a
good. Sellers post prices, and then buyers choose sellers. In symmetric equilibrium, similar
sellers all post one price, and buyers randomize. Hence, more or fewer buyers may arrive ...
Cited by 320 - Related articles - Library Search - BL Direct - All 21 versions

Long‐Term Partnership Formation: Marriage and Employment

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K Burdett… - The Economic Journal, 1999 - Wiley Online Library
Of course, marriage and employment are different. Nevertheless, a worker looking for a job,
a Ærm looking for worker, or a single person looking for a marriage partner face similar
problems as all are seeking a long-term partner. Indeed, forming long-term partnerships is ...
Cited by 170 - Related articles - BL Direct - All 11 versions

Unemployment insurance payments as a search subsidy: a theoretical analysis

K Burdett - Economic Inquiry, 1979 - Wiley Online Library
This paper examines the consequences of a change in unemployment insurance payments.
Most previous works on this topic have utilized a job search model to predict that an
increase in unemployment insurance payments will lead to an increase in the expected ...
Cited by 162 - Related articles - Get it from MIT Libraries - Library Search - All 8 versions

[PDF] Equilibrium wage differentials and employer size

[PDF] from northwestern.edu
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K Burdett, D Mortensen - International Economic Review, 1998 - kellogg.northwestern.edu
ABSTRACT The presence of matching frictions in the form of lags in the arrival of information
about the availability and terms of job offers unifies the labor market models analyzed in this
study. Each model presented is related to a perfectly competitive counterpart in a natural ...
Cited by 159 - Related articles - All 14 versions

Earnings, unemployment, and the allocation of time over time

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K Burdett, NM Kiefer… - The Review of …, 1984 - restud.oxfordjournals.org
Abstract A stochastic dynamic model of labour supply is specified and analysed empirically.
The theoretical model provides a sound structural economic basis for a class of empirical
models which have been shown useful. The implications of the estimated model are ...
Cited by 140 - Related articles - All 5 versions

Search, layoffs, and labor market equilibrium

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K Burdett… - The Journal of Political Economy, 1980 - JSTOR
The paper has two purposes:(1) to extend the theory of job search to include the case in
which job prospects are characterized by layoff risk as well as the wage and (2) to
synthesize the search and implicit-contract approaches by using the former to model the ...
Cited by 129 - Related articles - Get it from MIT Libraries - Library Search - All 13 versions

[PDF] Labor supply under uncertainty

[PDF] from northwestern.edu
K Burdett… - Research in labor economics, 1978 - kellogg.northwestern.edu
The student of labor supply behavior currently has three reasonably well defined tools of
analysis at his disposal. The most familiar framework is the theory of time allocation. This
adaptation of the neoclassical theory of household demand serves as the principal ...
Cited by 124 - Related articles - All 7 versions

Two-sided search with nontransferable utility

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K Burdett… - Review of Economic Dynamics, 1998 - Elsevier
We analyze a two-sided search model in which we assume utility is not perfectly
transferable. Except for this assumption the model is standard, yet it generates results that
are quite different from those obtained in models with transferable utility. In particular, the ...
Cited by 115 - Related articles - BL Direct - All 8 versions

Unemployment insurance and short-time compensation: The effects on layoffs, hours per worker, and wages

K Burdett… - The Journal of Political Economy, 1989 - JSTOR
We analyze two unemployment insurance systems. In one, unemployed workers receive
benefits while those on reduced hours do not, as in North America (at least until recently). In
the other, short-time compensation is paid to workers on reduced hours, as in Europe. The ...
Cited by 87 - Related articles - Get it from MIT Libraries - All 6 versions

Toward a theory of vacancies

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K Burdett… - Journal of Labor Economics, 1998 - ideas.repec.org
The authors attempt to further characterize the search strategies of the employer. In this
article, they discuss how characteristics of the employer or conditions that the employer
faces affect the optimal search strategies and the probability of filling a vacancy in each ...
Cited by 82 - Related articles - Cached - BL Direct - All 6 versions

Declining reservation wages and learning

[PDF] from marginalq.com
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K Burdett… - The Review of Economic …, 1988 - restud.oxfordjournals.org
Abstract Empirical studies of job search strongly suggest that the reservation wages of
unemployed job seeking individuals decline with the length of their respective
unemployment spells. Previous explanations of this behaviour based on age-effects, ...
Cited by 81 - Related articles - All 7 versions

Building blocks* 1:: An introduction to block trading

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K Burdett… - Journal of Banking & Finance, 1987 - Elsevier
Abstract This paper analyzes the economic role and behavior of the block trader. In the
context of a sequential decision model we determine the block trader's optimal strategy for
building a syndicate of buyers and sellers. We show the conditions under which the block ...
Cited by 80 - Related articles - All 5 versions

Layoffs and duration dependence in a model of turnover

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K Burdett, NM Kiefer… - Journal of Econometrics, 1985 - Elsevier
Abstract A semi-Markov model of turnover, resulting from optimizing behavior on the part of
workers, is developed. Duration dependence in the transition out of employment is modelled
as resulting from a layoff probability which decreases with tenure. Some preliminary ...
Cited by 75 - Related articles - All 6 versions

[CITATION] Search, leisure and individual labor supply

K Burdett - Studies in the Economics of Search, 1979 - North Holland, Amsterdam
Cited by 65 - Related articles

Cigarette money

[PDF] from 199.169.201.130
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K Burdett, A Trejos… - Journal of Economic Theory, 2001 - Elsevier
We study how commodities emerge as money, the way cigarettes did in POW camps. We
characterize how specialization, trading frictions, intrinsic properties of goods, and the
amount of fiat money determine whether a commodity serves as money and its value. In ...
Cited by 59 - Related articles - BL Direct - All 16 versions

Optimal firm size, taxes, and unemployment

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K Burdett… - Journal of Public Economics, 1989 - Elsevier
Abstract We analyze a model similar to the standard implicit contracting framework, but
assume that the size of the firm (the number of workers under contract) is endogenous.
Some well-known predictions from contract theory with firm size fixed exogenously are ...
Cited by 55 - Related articles - Library Search - All 6 versions

How changes in labor demand affect unemployed workers

K Burdett, JI Ondrich - Journal of Labor Economics, 1985 - JSTOR
This study analyzes the manner in which certain favorable shifts in labor demand affect job
search. Although all shifts increase reservation wages, they do not necessarily decrease
expected unemployment spell durations and increase expected post-unemployment ...
Cited by 54 - Related articles - Get it from MIT Libraries - All 5 versions

Balanced matching and labor market equilibrium

K Burdett… - The Journal of Political Economy, 1988 - JSTOR
We analyze equilibrium in a labor market model wherein it takes time for the workers to
contact firms. Workers, assumed identical, repeatedly sell their labor services all through
their work lives, choosing their search intensity endogenously. Identical firms attempt to ...
Cited by 53 - Related articles - Get it from MIT Libraries - All 6 versions

[CITATION] A useful restriction on the offer distribution in job search models

K Burdett - Studies in Labor Market Behavior: Sweden and the …, 1981
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[PDF] Steady state price distributions in a noisy search equilibrium

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K Burdett… - Journal of Economic Theory, 1997 - upi-yptk.ac.id
Within the context of an infinite horizon pricing game in which stores and customers act
strategically, we establish a perfect equilibrium where stores in the market change price
through time. Moreover, at each moment in time, price dispersion among stores is an ...
Cited by 49 - Related articles - Library Search - BL Direct - All 13 versions

[CITATION] The theory of search for several goods

K Burdett… - Journal of Economic Theory, 1981 - econpapers.repec.org
By Kenneth Burdett and David A. Malueg; The theory of search for several goods.
Cited by 38 - Related articles - Cached - Get it from MIT Libraries - Library Search - All 5 versions

AN ON‐THE‐JOB SEARCH MODEL OF CRIME, INEQUALITY, AND UNEMPLOYMENT*

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K Burdett, R Lagos… - International Economic Review, 2004 - Wiley Online Library
We extend simple search models of crime, unemployment, and inequality to incorporate
on-the-job search. This is valuable because, although simple models are useful, on-the-job search
models are more interesting theoretically and more relevant empirically. We characterize ...
Cited by 38 - Related articles - Library Search - BL Direct - All 25 versions

[BOOK] Temporal aggregation bias in stock-flow models

[PDF] from uvt.nl
K Burdett, MG Coles, J Van Ours… - 1994 - arno.uvt.nl
ABSTRACT Temporal Aggregation Bias in Stock-Flow Models* The matching function
describes the flow of job creation as a function of the stocks of unemployed and vacancies.
Most empirical work tries to identify such a relationship by regressing the flow of matches ( ...
Cited by 37 - Related articles - Get it from MIT Libraries - Library Search - BL Direct - All 6 versions

Buyers and Sellers: Should I Stay or Should I Go?

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K Burdett, M Coles, N Kiyotaki… - The American Economic Review, 1995 - JSTOR
This paper explores some aspects of the exchange process that should be of interest to
economists who use search theory, and especially to those who use search as a foundation
for monetary economics. We are mainly concerned with a question that seems basic but ...
Cited by 29 - Related articles - BL Direct - All 7 versions

Separation cycles

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K Burdett… - Journal of Economic Dynamics and Control, 1998 - Elsevier
This paper extends the two-sided matching literature with heterogeneous agents by
considering endogenous separation behaviour by agents. When two agents divorce and
return to the matching market, that separation decision affects the composition of singles ...
Cited by 27 - Related articles - All 7 versions

HUMAN CAPITAL ACCUMULATION AND LABOR MARKET EQUILIBRIUM*

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K Burdett, C Carrillo‐Tudela… - International Economic …, 2011 - Wiley Online Library
We analyze an equilibrium labor market with on-the-job search and experience effects (as
workers learn by doing). The analysis yields a Mincer wage equation with worker fixed
effects and endogenously determined firm fixed effects. Equilibrium sorting—where over ...
Cited by 27 - Related articles - Library Search - All 23 versions

Education and matching externalities

K Burdett… - … Skills: Market Failures, Their Symptoms and …, 1996 - books.google.com
Human capital theory provides a theory of the demand for education. This approach sets out
a standard investment problem in which individuals acquire education until the expected
returns from an additional year equal the expected costs; that is, investment in training ...
Cited by 25 - Related articles

Layoffs, wages and unemployment insurance

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K Burdett… - Journal of Public Economics, 1983 - Elsevier
Abstract The influence of unemployment insurance on wage and layoff behavior is analyzed
in the context of optimal labor contracts. Responses of contract terms to changes in
economic parameters are shown to depend in general on the nature of the initial contract, ...
Cited by 25 - Related articles - Library Search - All 5 versions

Truncated means and variances

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K Burdett - Economics Letters, 1996 - Elsevier
Necessary and sufficient conditions are established for z− E {xƒx⩽ z} to be an increasing
function of z. Furthermore, other necessary and sufficient conditions are provided for var
{xƒx⩽ z} to be an increasing function of z. Log-concavity of the density function and log- ...
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[CITATION] Empirical wage distributions: A new framework for labor market policy analysis

K Burdett - Panel Data and Labor Market Studies, Amsterdam: …, 1990
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[PDF] Testing for Ability in a Competitive Labor Market.

[PDF] from 202.113.82.2
K Burdett… - Journal of Economic Theory, 1981 - 202.113.82.2
The seminal works of Akerlof [1] and Spence [13, 141 have stimulated much research on
what may be (loosely) termed the economics of information creation. Although studies in this
area have considered various markets, the majority have concentrated on the creation of ...
Cited by 20 - Related articles - View as HTML - Get it from MIT Libraries - All 6 versions

[CITATION] Search market models: a survey

K Burdett… - 1990 - opengrey.eu
Search market models: a survey. Kenneth Burdett, University of Essex. Dept. of
Economics University of Essex, Department of Economics, 1990.
Cited by 19 - Cached - Get it from MIT Libraries

A demand-based approach to menu pricing.

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TJ Kelly, NM Kiefer, K Burdett - Cornell Hotel and Restaurant …, 1994 - cabdirect.org
Abstract The article examines approaches to menu pricing in the US catering industry and
suggests ways in which these could be improved upon. It is argued that menu prices should
be driven by demand rather than cost, and that if restaurateurs can increase prices slightly ...
Cited by 18 - Related articles - BL Direct - All 5 versions

[CITATION] Theories of search in a labor market

K Burdett - 1973 - Office of Evaluation, Office of the …
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The testing and sorting functions of higher education

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K Burdett - Journal of Public Economics, 1978 - Elsevier
Abstract The purpose of the study is to discuss some issues raised by KJ Arrow in a recent
study in this journal,'Higher education as a filter'. It is shown that the higher education system
specified by Arrow utilizes known information to sort students according to their abilities. ...
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[CITATION] R. Wright (2003),“Crime, inequality, and unemployment,”

Full text - MIT Libraries
K Burdett… - American Economic Review
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Semi-markov and markov labour histories

K Burdett, MP Taylor - ISER Working Paper Series, 2011 - ideas.repec.org
It is possible to construct a panel of labour market flows from the first wave of the British
Household Panel Study. Using this data, a three-state Markov model of labour market
transitions is specified and estimated, using the proportional hazard function approach. ...
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[CITATION] Buyers and sellers

K Burdett, M Coles, N Kiyotaki… - 1993 - University of Pennsylvania, Center …
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Menu pricing: an experimental approach

NM Kiefer, TJ Kelly… - Journal of Business & Economic Statistics, 1994 - JSTOR
Menu-pricing schemes in restaurants are often based primarily on markup-over-cost
methods. More sophisticated techniques make use of ideas about consumer demand as
well as cost. We propose an experiment for determining the effect of price on the quantity ...
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[CITATION] Inequality, unemployment and crime

K Burdett, R Lagos… - 2000 - mimeo
Cited by 7 - Related articles - All 2 versions

[CITATION] Wage/tenure contracts and equilibrium search

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K Burdett… - Econometrica, 2003
Cited by 6 - Related articles

[CITATION] Equilibrium wage differentials and employer size

DT Mortensen… - Northwestern Center for Mathematical Studies in …, 1989
Cited by 6 - Related articles

[CITATION] Long term partnership formation: employment and marriage

K Burdett… - Economic Journal, 1999
Cited by 6 - Related articles - Get it from MIT Libraries

[CITATION] Steady states as natural rates in a dynamic discrete choice model of labor supply

K Burdett, NM Kiefer, DT Mortensen… - Studies In Labor Market …, 1984
Cited by 5 - Related articles

[CITATION] Equilibrium Distributions of Sales and Advertising Prices

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K Burdett, KL Judd - Review of Economic Studies, 1983
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[CITATION] Temporary Layoffs and the Unemployment Insurance Systems

K Burdett… - 1979 - Social Systems Research Institute, …
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[CITATION] Analyzing the effects of taxicab deregulation: a new empirical approach

K Burdett - 1994 - Industriens utredningsinstitut
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[CITATION] Search, Matching and Unions

K Burdett… - CONTRIBUTIONS TO ECONOMIC …, 1993 - NORTH HOLLAND
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[CITATION] «A theory of Employee Job Search and Quit Rates»

Full text - MIT Libraries
B Kenneth - American Economic Review, 1978
Cited by 4 - Related articles

[CITATION] An On-the-Job Search Model of Unemployment, Inequality, and Crime

Full text - MIT Libraries
K Burdett, R Lagos… - International Economic Review, 2004
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[CITATION] On the Job Search and Quit Rate

K Burdett… - 1976 - University of Essex, Department of …
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Equilibrium steady-state price distributions

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K Burdett - Economics Letters, 1992 - Elsevier
Abstract A unique steady-state equilibrium is derived in a market where each firm sets its
own price and consumers search for price information. It is shown that such an equilibrium
involves a non-degenerate price distribution. The relationship between this distribution ...
Cited by 3 - Related articles - All 5 versions

[CITATION] The effects of unemployment insurance on layoffs, hours per worker, and wages.'

K Burdett… - Cornell University Department of Economics Working …, 1986
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[CITATION] A Note on Positive Assortative Matching.

K Burdett… - Programme on Labour Market Dynamics in a Changing …, 1999
Cited by 2 - Related articles

[CITATION] 0Pricing with Frictions1

K Burdett, S Shi… - 1997 - mimeo
Cited by 2 - Related articles

[CITATION] Empirical Wage Distributions: A New Framework for Labor Market Analysis

K Burdett… - 1989 - Industrial Institute for Economic and …
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[CITATION] VEconomic Evolution with Market Frictions

K Burdett, M Coles, N Kiyotaky… - American Eco $ nomic Review Papers …, 1995
Cited by 2 - Related articles

[CITATION] Unemployment, Inequality, and Crime

K Burdett, R Lagos… - 2002 - Working paper, University of …
Cited by 2 - Related articles

[CITATION] Randall Wright (2001) Pricing and Matching with Frictions

K Burdett… - Journal of Political Economy
Cited by 2 - Related articles - Get it from MIT Libraries

[CITATION] On-the-Job Search,"

K Burdett - American Economic Review, 1977
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[CITATION] O n-the-Job Search and Trust, m im eo

K Burdett - U niversity of Essex, 1999
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[CITATION] Training and Wage Dispersion

K Burdett… - 2000 - Chapter
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[CITATION] On optimal search strategies and layoffs

K Burdett… - 1977 - Institute for Research on Poverty, …
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[PDF] A MARKOV MODEL OF EMPLOYMENT, UNEMPLOYMENT AND LABOR FORCE PARTICIPATION: ESTIMATES FROM THE DIME DATA

[PDF] from northwestern.edu
K Burdett, NM Kiefer, S Lundberg… - 1981 - kellogg.northwestern.edu
Introduction New developments in human capital/search and turnover theory and the
availability of new evidence drawn from longitudinal panel data have stimulated
considerable interest in labor supply and labor force participation dynamics. We now ...
Cited by 1 - Related articles - All 9 versions

[CITATION] Labor Supply and Uncertainty

K Burdett… - Research in Labor Economics
Cited by 1 - Related articles

[CITATION] Essays on markets with imperfect price information

K Burdett - 1976 - Northwestern University
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[CITATION] On the job search and quit rates

K Burdett - 1975 - Department of Economics, University …
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[CITATION] A dynamic theory of individual labor supply

K Burdett - 1977 - University of Wisconsin, Institute for …
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[CITATION] The probable attendance in the House of Commons, 1620-1629.

KB Thurston - 1933 - en.scientificcommons.org
Publikationsansicht. 4707421. The probable attendance in the House of Commons, 1620-1629.
(1933). Thurston, Kenneth Burdett. Abstract. Thesis (AM)--Washington University, 1933. Dept.
of History. Details der Publikation. Download, http://worldcat.org/oclc/25596082. ...
Cached

[CITATION] Temporal Aggregation Bias in Stock-Flow Models

JC Ours, K Burdett… - Open Access publications from …, 1994 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
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Cited Author Index

JG Altonji, PM Anderson, C Azariadis… - Working time in …, 2001 - books.google.com
Cited Author Index The italic letters f, n, and t following a page number indicate that the cited
name is within a figure, note, or table, respectively, on that page. Abraham, Katharine G.,
296t, 300, 315, 317, 320, 322, 341n5, 342 Altonji, Joseph G., 206, 227, 239, 239n14, 240, ...

[CITATION] Wages and Employment Unemployment and Labor Force Participation Dynamics: Estimates from the Dime Data

K Burdett - 1981 - Cornell University Press
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[CITATION] Biographical information about authors

K Burdett - Studies in the Economics of Search, 1979 - North-Holland
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[CITATION] A note on positive assortive matching

K Burdett, MG Coles… - 1999 - opengrey.eu
A Note on Positive Assortive Matching. Kenneth Burdett, Melvyn Glyn Coles
University of Essex, Institute for Labour Research, 1999.
Cached

[CITATION] Royal Economic Society

K Burdett… - The Economic Journal, 1999 - res.org.uk
... Abstract. Journal, The Economic Journal. Volume, 109, Issue, 456, Date,
June 1999. Long-Term Partnership Formation: Marriage and Employment.
Kenneth Burdett Melvyn G. Coles. back | view article. ...
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The Testing and Sorting Functions of Higher Education. Institute for Research on Poverty Discussion Papers.

K Burdett - 1976 - eric.ed.gov
Abstract: Some issues raised by JK Arrow in" Higher Education as a Filter" are discussed
and clarified. The central question is Does higher education, to the extent that it acts as a
filter, create new information about the abilities of students, or does it utilize known ...
Cached

On-the-Job Search and Labor Market Equilibrium

R Bonilla, K Burdett - The BE Journal of Macroeconomics, 2010 - ideas.repec.org
< p> On-the-job search is something we all do from time to time. Indeed, a significant
percentage of job changes made by workers involves no interim unemployment. The object
of the study is to develop and analyze a labor market model where unemployed workers ...
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[PDF] support from the National Science Foundation (Grants# SOG—77—09099 and

[PDF] from northwestern.edu
K Burdett… - 1977 - execed.kellogg.northwestern.edu
The student of labor supply behavior currently has three reasonably well defined tools of
analysis at his disposal. The most familiar framework is the theory of time allocation. This
adaptation of the neoclassical theory of household demand serves as the principal ...
Related articles - All 4 versions

[PDF] Money and Product Variety Preliminary Version

[PDF] from msu.edu
K Burdett… - 2007 - msu.edu
Abstract We analyze how the preference structure and the structure of production
possibilities in barter and monetary economies lead to a variety of distributions of favorite
and generic goods produced in the economy. Keywords: product variety, specialization, ...
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[PDF] Marriage, Markets and Money: A Coasian Theory of Household Formation

[PDF] from wisc.edu
K Burdett, M Dong, L Sun… - 2011 - econ.wisc.edu
Abstract We develop a general equilibrium model of household formation—ie, marriage—
following Coase's theory of firm formation. Individuals in our model consume both market
and home goods, and home production is facilitated through marriage. We study how ...
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[CITATION] A Markov Model of Employment

K Burdett - Discussion Papers, 1981 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. A Markov
Model of Employment. Kenneth Burdett. No 483, Discussion Papers from Northwestern University,
Center for Mathematical Studies in Economics and Management Science. ...
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[CITATION] An economic theory of block trading

K Burdett… - 1983 - Graduate School of Management, …
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DP967 Temporal Aggregation Bias in Stock-Flow Models

K Burdett, MG Coles… - 1994 - cepr.org
The matching function describes the flow of job creation as a function of the stocks of
unemployed and vacancies. Most empirical work tries to identify such a relationship by
regressing the flow of matches (aggregated over the month) on the stocks of ...
Cached - All 3 versions

[PDF] Review voi. 39, no. 2

[PDF] from queensu.ca
Full text - MIT Libraries
K Burdett… - International Economic Review, 1998 - qed.econ.queensu.ca
The unique equilibrium solution to a game irt which a continuum of individual employers
choose permanent wage offers and a continuum of workers search by sequentially sampling
from the set of offers is characterized. Wage dispersion is a robust outcome provided that ...
Related articles - All 3 versions

[CITATION] JONATHAN THOMAS.

TIM WORRALL, HTO MA, A DE PALMA… - Self, 1988
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[CITATION] The Effects of Layoffs on Optimal Search Strategies: Or the Magic Roundabout

K Burdett, D Mortensen… - 1978 - University of Wisconsin-Madison, …
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