Diamond-Mortensen-Pissarides Search-Matching
The Diamond-Mortensen-Pissarides (DMP) model, developed by Peter Diamond, Dale Mortensen, and Christopher Pissarides in the early 1980s, is a fundamental framework for understanding labor market dynamics through the lens of search and matching frictions. It explains how workers and firms meet, form employment relationships, and separate, endogenously determining unemployment, vacancies, and wages.
Source record
Citations copied verbatim from the method’s source record. No claim-level verification is inferred from them.
- Mortensen, D. T., & Pissarides, C. A. (1994). Job Reallocation, Employment Fluctuations and Unemployment. In J. B. Taylor & M. Woodford (Eds.), Handbook of Macroeconomics, 1A, 1171–1227. · URL
- Diamond, P. A. (1982). Wage Determination and Efficiency in Search Equilibrium. Review of Economic Studies, 49(2), 217–227. · DOI 10.2307/2297271
- Pissarides, C. A. (1985). Short-Run Equilibrium Dynamics of Unemployment, Vacancies, and Real Wages. American Economic Review, 75(4), 676–690. · URL
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Related methods
Generated from the method graph and shown as machine-suggested relations — no evidence claim is inferred.