Browsing through the pages of an edition of Forbes India, I chanced upon an article on last year’s Nobel Prize for economics winner – Dale T. Mortensen. The article was on a concept in economics known as ‘search friction’. In layman terms, search friction refers to the imperfect information about finding out where jobs are [...]
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Search friction
Posted in Economics, UID on January 3, 2011 | Leave a Comment »
