Rationing & Bayesian expectations with application to the labour market

The first goal of the present work focuses on the need for different rationing methods of the The Global Change and Financial Transition (GFT) work- ing group at the Potsdam Institute for Climate Impact Research (PIK): I provide a toolbox which contains a variety of rationing methods to be ap- plied to micro-economic disequilibrium models of the lagom model family. This toolbox consists of well known rationing methods, and of rationing methods provided specifically for lagom. To ensure an easy application the toolbox is constructed in modular fashion. The second goal of the present work is to present a micro-economic labour market where heterogenous labour suppliers experience consecu- tive job opportunities and need to decide whether to apply for employ- ment. The labour suppliers are heterogenous with respect to their qualifi- cations and their beliefs about the application behaviour of their competi- tors. They learn simultaneously – in Bayesian fashion – about their individ- ual perceived probability to obtain employment conditional on application (PPE) by observing each others’ application behaviour over a cycle of job opportunities.

Level thesis:degree_level

thesis.doctoral

Grantor dc:publisher

Universität Potsdam

Year

2007

Author dc:creator

• Förster, Hannah

Contributors dc:contributor

• Jaeger, Carlo

• Rationierung
• Ungleichgewicht
• Bayes
• Interaktion
• Lernprozesse
• rationing
• bayesian inference
• learning processes
• disequilibrium
• agent interaction

Repository record source_url

https://publishup.uni-potsdam.de/frontdoor/index/index/docId/1409

OAI identifier oai:identifier

oai:kobv.de-opus4-uni-potsdam:1409