Ex post bidding and efficient coordination unemployment
AbstractWe study the implementation of constrained-efficient allocations in labour markets where a basic coordination problem leads to an equilibrium matching friction. We argue that these allocations can be achieved in a non-cooperative equilibrium if wages are determined by ex post bidding. This holds true even in finite-sized markets where the equilibrium-matching process has decreasing returns to scale - where the `Hosios rule' does not apply - both with and without heterogeneity.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Canadian Economics Association in its journal Canadian Journal of Economics.
Volume (Year): 38 (2005)
Issue (Month): 1 (February)
Contact details of provider:
Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
Web page: http://economics.ca/cje/
More information through EDIRC
Find related papers by JEL classification:
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- repec:ltr:wpaper:2010.03 is not listed on IDEAS
- Decreuse, Bruno & Zylberberg, André, 2006.
"Job search with ubiquity and the wage distribution,"
3630, University Library of Munich, Germany, revised Apr 2007.
- Bruno Decreuse & André Zylberberg, 2007. "Job search with ubiquity and the wage distribution," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00255780, HAL.
- John Kennes, 2004.
"Competitive Auctions: Theory and Application,"
04-16, University of Copenhagen. Department of Economics.
- Benoît Julien & John Kennes & Ian King & Sephorah Mangin, 2009.
"Directed search, unemployment and public policy,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 42(3), pages 956-983, August.
- Gabor Virag, 2008. "Buyer heterogeneity and competing mechanism," 2008 Meeting Papers 702, Society for Economic Dynamics.
- Julien, Benoit & Kennes, John & King, Ian Paul, 2011. "Implementing the Mortensen rule in a frictional labor market," Journal of Macroeconomics, Elsevier, vol. 33(1), pages 80-91, March.
- Suren Basov & John Ian King & Lawrence Uren, 2010.
"The Employed, the Unemployed, and the Unemployable: Directed Search with Worker Heterogeneity,"
2010.03, School of Economics, La Trobe University.
- Suren Basov & Ian King & Lawrence Uren, 2010. "The Employed, the Unemployed, and the Unemployable: Directed Search with Worker Heterogeneity," Department of Economics - Working Papers Series 1094, The University of Melbourne.
- Lawrence Uren & Ian King & Suren Basov, 2011. "The Employed, the Unemployed, and the Unemployable: Directed Search with Worker Heterogeneity," 2011 Meeting Papers 292, Society for Economic Dynamics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof. Werner Antweiler).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.