Here's Ed Glaeser:Search models don't just assume that buyers and sellers face a market-clearing price — they try to actually describe the process that determines that price.
Section 3 looks at the theoretical and empirical search models.
Here, the activity classes were considered the judges and the recall rates of the various search models, the objects.
However, it should be pointed out that estimates of Mincerian wage regressions and equilibrium search models account for only a limited amount of the total observed wage variation.
Search models are particularly well suited for this task since they are easily adapted to include many of the behavioral features of interest here.
Given that the search for diversity resulting from the application of these search models was limited, the possibility of recognizing early generalized adaptations was low.
Others have used search models to show similar incentive effects (e.g. Johnson and Klepinger, 1994; Fredriksson and Holmlund, 2005; Manning, 2009).
10Employer discrimination in the framework of search models has been studied by Black (1995), Bowlus and Eckstein (2002), and Flabbi (2010).
However, as Hornstein et al. (2011) point out, unless some parameters assume implausible values, calibrated standard search models explain only a very small portion of observed wage dispersion.
Because of these differences in educational attainment, we estimate separate search models for matched individuals given three educational levels less than high school, vocational education, and high school.
The search models used were the DCCFN56 domain (PDB 4URT) (Finci et al., 2014), and the DCCFN4 domain (PDB 4PLO) (Xu et al., 2014).
