Job Search

The Choice of Intensity

Dados Bibliográficos

ID10171255
AutoresJess Benhabib (0000-0002-2714-1423), Clive Bull (New York University)
Ano1983
Volume91
Fascículo5
Páginas747-764
Data de publicação1983-10-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoJournal of Political Economy (JOURNAL)
Identificadores do periódicoISSN: 0022-3808 • E-ISSN: 1537-534X
EditoraUniversity of Chicago Press (PUBLISHER • US)
DOI10.1086/261180
OpenAlexW2093810106
IdiomaEN
Citações recebidas10
Referências citadas1

We integrate the optimal sequential and the optimal sample-size search strategies. In contrast to the existing search literature in which individuals specialize in either search or work, the model in this paper allows for an optimal choice of search intensity that results in individuals' choosing to work and search simultaneously. The existing sequential search strategy literature follows optimal stopping theory in treating work as an absorbing state. We do not, however, require the searcher to stay in a job once it has been accepted but derive this behavior as a result of the searcher's optimization problem

Algorithm · Contrast (vision · Economics · Linear search · Mathematical optimization · Microeconomics · Optimal stopping · Sample (material · Search theory · Work (physics · Artificial Intelligence · Auction Theory and Applications · Computer Science · Consumer Market Behavior and Pricing · Engineering · Game Theory and Applications · Mathematics