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Pareto inefficiency of market economies : search and efficiency wage models

Greenwald, Bruce C. N. - In: The American economic review 78 (1988) 2, pp. 351-355

Persistent link: https://www.econbiz.de/10001046719

Implicit contracts, labor mobility, and unemployment

Arnott, Richard - In: The American economic review 78 (1988) 5, pp. 1046-1066

Persistent link: https://www.econbiz.de/10001059098

Alternative theories of wage determination and unemployment : the efficiency wage model

Stiglitz, Joseph E. - 1981

Persistent link: https://www.econbiz.de/10002859355

Demokratische Entwicklungen als Früchte der Arbeit (-erbewegung)

Stiglitz, Joseph E. - In: Wirtschaft und Gesellschaft : WuG 28 (2002) 1, pp. 9-41

Persistent link: https://www.econbiz.de/10001775728

Pareto inefficiency of market economies : search and efficiency wage models

Greenwald, Bruce C. N.; Stiglitz, Joseph E. - 1988

Persistent link: https://www.econbiz.de/10000757841

Pareto Inefficiency of Market Economies : Search and Efficiency Wage Models

Greenwald, Bruce C. N. - 2007

This paper shows that market economies with search and in which wages are affected by efficiency wage considerations are not constrained Pareto efficient. Wages are not set at Pareto efficient levels, nor is the level of employment (unemployment) Pareto efficient. We identify the nature of the...

Persistent link: https://www.econbiz.de/10012777168