Economics Suppose that the matching function takes the form H (U, V) = min {U, V} . It means that the number of hires is equal to the number of agents on the short side of the labor market. If there are more vacant jobs than unemployed workers, then the number of hires is U. If there are more unemployed workers than vacant jobs, then the number of hires is V. We denote the market tightness as 0 = . The job finding probability is f = O min {1, #} O min $ 1. 1