Efficiency in Job-Ladder Models
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下载链接：
https://www.nber.org/papers/w33910
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资源简介：
This paper examines the efficiency of a decentralized equilibrium in a broad class of random-search job-ladder models. We decompose the source of inefficiency into two margins: (i) the investment margin, that is, the difference between the private and social benefit of job creation given the surplus
提供机构：
美国国家经济研究局
创建时间：
2025-06-01
