EconPapers    
Economics at your fingertips  
 

Ex post bidding and efficient coordination unemployment

Benoit Julien (), John Kennes () and Ian King ()

Canadian Journal of Economics, 2005, vol. 38, issue 1, 174-193

Abstract: We 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.

JEL-codes: D83 J64 (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/j.0008-4085.2005.00274.x (text/html)
access restricted to subscribers

Related works:
Journal Article: Ex post bidding and efficient coordination unemployment (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cje:issued:v:38:y:2005:i:1:p:174-193

Ordering information: This journal article can be ordered from
https://www.economic ... ionen/membership.php

Access Statistics for this article

Canadian Journal of Economics is currently edited by Katherine Cuff

More articles in Canadian Journal of Economics from Canadian Economics Association Canadian Economics Association Prof. Werrner Antweiler, Treasurer UBC Sauder School of Business 2053 Main Mall Vancouver, BC, V6T 1Z2. Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Werner Antweiler ().

 
Page updated 2021-10-16
Handle: RePEc:cje:issued:v:38:y:2005:i:1:p:174-193