From: Evaluating search and matching models using experimental data
Parameters | British Columbia | New Brunswick | ||
---|---|---|---|---|
 | Benchmark | Optimal | Benchmark | Optimal |
Annual discount factor (β) | 0.82 | 0.82 | 0.82 | 0.82 |
Elasticity of search costs (z) | 1.85 | 1.93 | 1.85 | 3.36 |
Re-calibrated search cost (c a ) | 0.185 | 0.176 | 0.079 | 0.033 |
Simulated versus actual control group (p-values) | Â | Â | Â | Â |
12 | 0.033 | 0.033 | 0.942 | 0.942 |
36 | 0.171 | 0.171 | 0.984 | 0.984 |
53 | 0.298 | 0.298 | 0.332 | 0.332 |
All months | 0.364 | 0.364 | 0.576 | 0.576 |
Simulated versus actual program group (p-values) | Â | Â | Â | Â |
12 | 0.110 | 0.010 | 0.001 | 0.202 |
36 | 0.675 | 0.825 | 0.001 | 0.244 |
53 | 0.195 | 0.426 | 0.001 | 0.394 |
All months | 0.333 | 0.994 | 0.001 | 0.998 |
Simulated versus actual impact (p-values) | Â | Â | Â | Â |
12 | 0.881 | 0.551 | 0.001 | 0.359 |
36 | 0.501 | 0.261 | 0.001 | 0.424 |
53 | 0.883 | 0.841 | 0.001 | 0.929 |