@article{oai:iuj.repo.nii.ac.jp:00000447, author = {宮本, 弘暁 and Miyamoto, Hiroaki}, journal = {Economics & Management Series}, month = {Mar}, note = {This paper studies the efficiency of the search and matching model with training costs. I incorporate productivity enhancing firm-specific skill training into the search and matching model of Pissarides (2000). I demonstrate that while the decentralized economy can be efficient if training costs are not sunk at the time of wage determination, the decentralized economy is not efficient due to a hold-up problem if training costs are sunk.}, title = {Efficiency in a Search and Matching Model with Training Costs}, year = {2011}, yomi = {ミヤモト, ヒロアキ} }