DRE 7045 Topics in Search Theory II
The aim of the course is to give the students in-depth understanding of search models of the labor market, and how to simulate and structurally estimate such models.
The course aims to take the students to the research frontier in search theorey and structural estimation of search models.
The students are expected to be able to construct and solve search models, solve the models analytically and estimate the models using indirect inference and other estimation techniques.-
Understand how search frictions influence and shape price determination and the allocation of resources in markets, particularly the labor market. Understand how search models can be estimated.
In the first part of the course, extensions of the basic search models of the labor market are presented, including the DMP model with on-the-job search and with endogenous job destruction, as well as the Burdett-Mortensen model and the Postel-Viney Robin model of on-the-job search with extensions. In the second part of the course, the course presents techniqes for estimating the models using indirect inference.
Students are required to participate in class both in discussions and by presenting models/material from the reading lists.6 lecture hours will be used for exercises and for giving direct feedback to students.
Enrollment in a PhD Programme is a general requirement for participation in PhD courses at BI Norwegian Business School.
External candidates are kindly asked to attach confirmation of enrollment in a PhD programme when signing up for a course. Other candidates may be allowed to sit in on courses by approval of the courseleader. Sitting in on a course does not permit registration for the course, handing in exams or gaining credits for the course. Course certificates or confirmation letters will not be issued for sitting in on courses.
Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.
Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.
Form of assessment:
Internal and external examiner
Examination when next scheduled course
|Form of assessment:
|Examination when next scheduled course
Student's own work with learning resources
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 3 ECTS credit corresponds to a workload of at least 80 hours.