Journal of Political Economy Vol. 94 No. 6 1986
The Efficiency of Search under Competition and Monopsony
Abstract
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
- Issue
- 6
- Pages
- 1246-1257
- Language
- en
- Sources
- openalex crossref