Comparative Statics in Multicriteria Search Models
Veli Safak
TL;DR
This paper develops a multicriteria search model for job seekers with multiple job attributes, providing new comparative statics results to understand how various factors influence search behavior.
Contribution
It introduces a novel multicriteria search framework and derives new comparative statics results, extending prior single-attribute models.
Findings
New multicriteria search model for job offers
Derivation of comparative statics results
Insights into how multiple attributes affect search decisions
Abstract
McCall (1970) examines the search behaviour of an infinitely-lived and risk-neutral job seeker maximizing her lifetime earnings by accepting or rejecting real-valued scalar wage offers. In practice, job offers have multiple attributes, and job seekers solve a multicriteria search problem. This paper presents a multicriteria search model and new comparative statics results.
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Taxonomy
TopicsConsumer Market Behavior and Pricing · Auction Theory and Applications · Economic theories and models