Matches in SemOpenAlex for { <https://semopenalex.org/work/W2078471920> ?p ?o ?g. }
Showing items 1 to 62 of
62
with 100 items per page.
- W2078471920 endingPage "176" @default.
- W2078471920 startingPage "155" @default.
- W2078471920 abstract "This paper analyses contract design in a decentralized market environment with frictions. While principals (e.g., firms) have all contractual power, their market power is constrained as agents (e.g., workers) can choose to wait and search for better offers. We find that results depend crucially on how market frictions affect agents’ utilities. With type-independent costs of search and waiting, equilibrium contracts are always first-best. If agents are impatient and discount future payoffs, however, distortions vanish only gradually. In the latter case, we also characterize equilibrium offers and show that the market exhibits two types of externalities, both of which are absent in the case of type-independent costs of search." @default.
- W2078471920 created "2016-06-24" @default.
- W2078471920 creator A5034114136 @default.
- W2078471920 date "2004-05-01" @default.
- W2078471920 modified "2023-10-18" @default.
- W2078471920 title "Contractual distortions in a market with frictions" @default.
- W2078471920 cites W1963884123 @default.
- W2078471920 cites W1968212296 @default.
- W2078471920 cites W1980095108 @default.
- W2078471920 cites W1983359771 @default.
- W2078471920 cites W1998428832 @default.
- W2078471920 cites W2002109865 @default.
- W2078471920 cites W2008821764 @default.
- W2078471920 cites W2009088207 @default.
- W2078471920 cites W2023067240 @default.
- W2078471920 cites W2037501584 @default.
- W2078471920 cites W2067367179 @default.
- W2078471920 cites W2078090263 @default.
- W2078471920 cites W2083765235 @default.
- W2078471920 cites W2090024711 @default.
- W2078471920 cites W2095109474 @default.
- W2078471920 doi "https://doi.org/10.1016/j.jet.2003.07.004" @default.
- W2078471920 hasPublicationYear "2004" @default.
- W2078471920 type Work @default.
- W2078471920 sameAs 2078471920 @default.
- W2078471920 citedByCount "7" @default.
- W2078471920 countsByYear W20784719202012 @default.
- W2078471920 countsByYear W20784719202017 @default.
- W2078471920 countsByYear W20784719202018 @default.
- W2078471920 crossrefType "journal-article" @default.
- W2078471920 hasAuthorship W2078471920A5034114136 @default.
- W2078471920 hasConcept C16118543 @default.
- W2078471920 hasConcept C162324750 @default.
- W2078471920 hasConcept C175444787 @default.
- W2078471920 hasConcept C2775881736 @default.
- W2078471920 hasConcept C2781127519 @default.
- W2078471920 hasConceptScore W2078471920C16118543 @default.
- W2078471920 hasConceptScore W2078471920C162324750 @default.
- W2078471920 hasConceptScore W2078471920C175444787 @default.
- W2078471920 hasConceptScore W2078471920C2775881736 @default.
- W2078471920 hasConceptScore W2078471920C2781127519 @default.
- W2078471920 hasIssue "1" @default.
- W2078471920 hasLocation W20784719201 @default.
- W2078471920 hasOpenAccess W2078471920 @default.
- W2078471920 hasPrimaryLocation W20784719201 @default.
- W2078471920 hasRelatedWork W1599271201 @default.
- W2078471920 hasRelatedWork W2007420273 @default.
- W2078471920 hasRelatedWork W2013328502 @default.
- W2078471920 hasRelatedWork W2031146294 @default.
- W2078471920 hasRelatedWork W2059584129 @default.
- W2078471920 hasRelatedWork W2133583745 @default.
- W2078471920 hasRelatedWork W2253099671 @default.
- W2078471920 hasRelatedWork W2769289829 @default.
- W2078471920 hasRelatedWork W3121649189 @default.
- W2078471920 hasRelatedWork W2131172095 @default.
- W2078471920 hasVolume "116" @default.
- W2078471920 isParatext "false" @default.
- W2078471920 isRetracted "false" @default.
- W2078471920 magId "2078471920" @default.
- W2078471920 workType "article" @default.