Wage-vacancy contracts and coordination frictions

被引：9

作者：

Jacquet, Nicolas L. ^{[1
,2
]}

Tan, Serene ^{[1
,3
]}

机构：

[1] Univ Adelaide, Sch Econ, Adelaide, SA 5005, Australia

[2] Singapore Management Univ, Sch Econ, Singapore S178903, Singapore

[3] Natl Univ Singapore, Dept Econ, Singapore S117570, Singapore

来源：

JOURNAL OF ECONOMIC THEORY | 2012年 / 147卷 / 03期

关键词：

Directed search; Contracts; Vacancies; Risk sharing; Competition; IMPLICIT CONTRACTS; UNEMPLOYMENT; EQUILIBRIUM; ASSIGNMENT; EMPLOYMENT; SELECTION; MARKETS;

D O I：

10.1016/j.jet.2012.01.014

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We consider a directed search model with risk-averse workers and risk-neutral entrepreneurs who can set up firms that post wage-vacancy contracts, i.e., contracts where firms can make payments to more than one applicant, and where the payments can be different for each applicant and be contingent on the number of applicants. We establish that the type of contracts the literature focuses on are not offered if firms can post wage-vacancy contracts. We show that there exists an equilibrium satisfying a Monotonic Expected Utility property which is efficient. Furthermore, we investigate the role of wage-vacancy contracts on welfare and competition. (C) 2012 Elsevier Inc. All rights reserved.

引用

页码：1064 / 1104

页数：41

共 50 条

[21] Globalization and labor market outcomes: Wage bargaining, search frictions, and firm heterogeneity [J].

Felbermayr, Gabriel ;

Prat, Julien ;

Schmerer, Hans-Joerg .

JOURNAL OF ECONOMIC THEORY, 2011, 146 (01) :39-73

[22] On the Efficiency of Wage-Setting Mechanisms with Search Frictions and Human Capital Investment [J].

Dai, Darong ;

Tian, Guoqiang .

ANNALS OF ECONOMICS AND FINANCE, 2020, 21 (01) :1-40

[23] Higher education in non-standard wage contracts [J].

Rosti, Luisa ;

Chelli, Francesco .

EDUCATION AND TRAINING, 2012, 54 (2-3) :142-151

[24] Wage determination and the bite of collective contracts in Italy and Spain [J].

Adamopoulou, Effrosyni ;

Villanueva, Ernesto .

LABOUR ECONOMICS, 2022, 76

[25] Financial frictions and policy cooperation: A case with monopolistic banking and staggered loan contracts [J].

Fujiwara, Ippei ;

Teranishi, Yuki .

JOURNAL OF INTERNATIONAL ECONOMICS, 2017, 104 :19-43

[26] The survey on supply chain coordination with contracts [J].

Liu, Yongmei ;

Zhang, Yanlong ;

Zhao, Zhenjun .

SEVENTH INTERNATIONAL CONFERENCE ON ELECTRONIC COMMERCE, VOLS 1 AND 2, SELECTED PROCEEDINGS, 2005, :807-809

[27] Endogenous incentive contracts and efficient coordination [J].

Cooper, David J. ;

Ioannou, Christos A. ;

Qi, Shi .

GAMES AND ECONOMIC BEHAVIOR, 2018, 112 :78-97

[28] Wage-hours contracts, overtime working and premium pay [J].

Hart, Robert A. ;

Ma, Yue .

LABOUR ECONOMICS, 2010, 17 (01) :170-179

[29] Discrimination in the Equilibrium Search Model with Wage-Tenure Contracts [J].

Fang, Zheng ;

Sakellariou, Chris .

ANNALS OF ECONOMICS AND FINANCE, 2013, 14 (2A) :453-482

[30] An equilibrium search model with optimal wage-experience contracts [J].

Carrillo-Tudela, Carlos .

REVIEW OF ECONOMIC DYNAMICS, 2009, 12 (01) :108-128

← 1 2 3 4 5 →