G2TT
来源类型Discussion paper
规范类型论文
来源IDDP5680
DP5680 Can Post-Grant Reviews Improve Patent System Design? A Twin Study of US and European Patents
Dietmar Harhoff; Stuart J.H. Graham
发表日期2006-05-12
出版年2006
语种英语
摘要This paper introduces a labour force participation choice into a standard labour market matching model embedded in a dynamic stochastic general equilibrium set-up. The participation choice is modelled as a trade-off between forgoing the expected benefits of being search active and engaging in costly labour market search. In contrast to models with constant labour force participation, the model that we analyse induces a symmetry in firms' and workers' search decision since both sides of the labour market vary search effort at the extensive margins. We show that this set-up is (a) of considerable analytical convenience, and (b) that the introduction of a participation choice leads to a strong tendency for procyclical unemployment, very low volatility of labour market tightness, and for a positively sloped Beveridge curve. These implications are summarized by a linear relationship between the vu-ratio and the marginal utility of consumption that we refer to as the consumption-tightness puzzle given its counterfacutal implications. Moreover, we show that this relationship survives a number of extentions of the standard model and that it derives from the allowance for an endogeneous labour market participation choice.
主题International Macroeconomics
关键词Labour market participation Matching models Intensive search margin Labour market tightness Unemployment Homework
URLhttps://cepr.org/publications/dp5680
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/534520
推荐引用方式
GB/T 7714
Dietmar Harhoff,Stuart J.H. Graham. DP5680 Can Post-Grant Reviews Improve Patent System Design? A Twin Study of US and European Patents. 2006.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Dietmar Harhoff]的文章
[Stuart J.H. Graham]的文章
百度学术
百度学术中相似的文章
[Dietmar Harhoff]的文章
[Stuart J.H. Graham]的文章
必应学术
必应学术中相似的文章
[Dietmar Harhoff]的文章
[Stuart J.H. Graham]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。