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Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides: Markets with search costs

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  • Committee, Nobel Prize

    (Nobel Prize Committee)

Abstract

Why are so many people unemployed at the same time that there are a large number of job openings? How can economic policy affect unemployment? This year’s Laureates have developed a theory which can be used to answer these questions. This theory is also applicable to markets other than the labor market.

Suggested Citation

  • Committee, Nobel Prize, 2010. "Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides: Markets with search costs," Nobel Prize in Economics documents 2010-2, Nobel Prize Committee.
    • Handle: RePEc:ris:nobelp:2010_002
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    More about this item

    Keywords

    Search frictions;

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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