Question
By the Hosios efficiency condition, a buyer’s surplus share is set equal to the elasticity of a function used in this theory. For 10 points each:
[10h] Name this theory. Their development of a model in this theory that accounts for lasting effects of shocks won Dale Mortensen and Christopher Pissarides the 2010 Nobel Prize in Economics.
ANSWER: search and matching theory [prompt on search theory or matching theory] (The function in the lead-in is the matching function.)
[10e] Common matching functions use the number of vacancies and the number of people with this trait as inputs. People who temporarily have this trait are classified as “frictional.”
ANSWER: unemployed [or jobless; or not working; accept word forms; accept frictional unemployment]
[10m] Due to their form, matching functions will display this property in an ideal labor market. Cobb-Douglas functions display this property if the sum of their exponents is equal to 1.
ANSWER: constant returns to scale [or CRS; prompt on returns to scale]
<Social Science - Social Science - Economics>
Summary
| 2024 ARGOS @ Brandeis | 03/22/2025 | Y | 3 | 10.00 | 100% | 0% | 0% |
| 2024 ARGOS @ Chicago | 11/23/2024 | Y | 6 | 16.67 | 100% | 33% | 33% |
| 2024 ARGOS @ Christ's College | 12/14/2024 | Y | 3 | 16.67 | 100% | 33% | 33% |
| 2024 ARGOS @ Columbia | 11/23/2024 | Y | 3 | 10.00 | 100% | 0% | 0% |
| 2024 ARGOS @ McMaster | 11/17/2024 | Y | 5 | 10.00 | 100% | 0% | 0% |
| 2024 ARGOS @ Stanford | 02/22/2025 | Y | 3 | 13.33 | 100% | 33% | 0% |
| 2024 ARGOS Online | 03/22/2025 | Y | 3 | 16.67 | 100% | 67% | 0% |
Data
| A is for Amy Robsart who fell down the stairs | number of tang poems = 75 times number of lines in a shi = 100 times number of lines in a haiku | 0 | 10 | 10 | 20 |
| Berkeley | Cry of the Common Loon | 0 | 10 | 0 | 10 |
| Stanford+ | Where are the ACF Nationals recordings? | 0 | 10 | 0 | 10 |