Archives 3 Nov 2010

What do Merar, Linked-In and the 2010 Nobel Prize in Economics have in common?

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The answer is all three present solutions for reducing friction in the search for information.

The Nobel Prize was awarded earlier in October for research on why unoccupied jobs exist even when there are unemployed people. To a large extent this boils down to the high cost of gathering information on available jobs. (The Economist ...

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