The Efficiency of Search under Competition and Monopsony
Journal of Political Economy
1986
This paper compares monopsonistic and competitive search equilibria. While the competitive equilibrium is efficient, the monopsonistic equilibrium is not: there is too much search, and the employment rate is too low.
- DOI
- 10.1086/261431
- Volume
- 94 (6)
- Pages
- 1246-1257
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref