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

Stiglitz, Joseph E. - 1981

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

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

Wage rigidity, implicit contracts, unemployment and economic efficiency

Newbery, David M. G. - In: The economic journal : the journal of the Royal … 97 (1987), pp. 416-430

Persistent link: https://www.econbiz.de/10001038600

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

Taxation, public policy, and dynamics of unemployment

Stiglitz, Joseph E. - In: International tax and public finance 6 (1999) 3, pp. 239-262

Persistent link: https://www.econbiz.de/10001418522

Pareto Inefficiency of Market Economies : Search and Efficiency Wage Models

Greenwald, Bruce - 1988

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/10012476413