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Unemployment with observable aggregate shocks

Grossman, Sanford J.; Hart, Oliver D.; Maskin, Eric S. - In: Journal of political economy 91 (1983) 6, pp. 907-928

Persistent link: https://www.econbiz.de/10002532189

Auction theory with private values

Maskin, Eric; Riley, John G. - In: The American economic review 75 (1985) 2, pp. 150-155

Persistent link: https://www.econbiz.de/10002445482

The gains to making losers pay in high-bid auctions

Maskin, Eric; Riley, John G. - In: Auctions, bidding and contracting : uses and theory, (pp. 205-229). 1983

Persistent link: https://www.econbiz.de/10002455883

On the efficiency of fixed price equilibrium

Maskin, Eric S.; Tirole, Jean - In: Journal of economic theory 32 (1984) 2, pp. 317-327

Persistent link: https://www.econbiz.de/10002456014

Unemployment with Observable Aggregate Shocks

Maskin, Eric S.; Grossman, Sanford J.; Hart, Oliver D. - Department of Economics, Harvard University - 1983

A general equilibrium model of' optimal employment contracts is developed where firms have better information about labor's marginal product than workers. It is optimal for the wage to be tied to the level of employment, to prevent the firm from falsely stating that the marginal product is low...

Persistent link: https://www.econbiz.de/10010859059