Pareto Inefficiency of Market Economies: Search and Efficiency Wage Models
收藏NBER1988-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2651
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资源简介：
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
提供机构：
美国国家经济研究局
创建时间：
1988-07-01
