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An adaptation of Pissarides (1990) by using random job destruction rate

Wang, Huiming (2009): An adaptation of Pissarides (1990) by using random job destruction rate.

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Abstract

This paper works on an adaptation of the standard Pissarides model to incorporate-rate an exponentially distributed match specific�c job destruction rate. We discuss the characterization of equilibrium, equilibrium wage, number of equilibria, stead state unemployment, welfare and comparative statics problems in this adapted model.

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