Matches in SemOpenAlex for { <https://semopenalex.org/work/W3121168856> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W3121168856 abstract "I characterize the constrained efficient (or planner's) allocation in a directed (competitive) search model with private information. There are sellers with private information on one side of the market and homogeneous buyers on the other side. They match bilaterally in diff erent submarkets and trade. In each submarket, there are search frictions. In the market economy, homogeneous buyers enter diff erent submarkets (i.e., post diff erent contracts) and sellers with private information direct their search toward their preferred submarket. I defi ne a planner whose objective is to maximize social welfare subject to the information and matching frictions of the environment. The planner can impose taxes and subsidies on agents that vary across submarkets while being subject to an overall budget-balance condition. I show that the planner generally achieves strictly higher welfare than the market economy. I also derive conditions under which the planner achieves the complete information allocation. I present examples in the context of financial and labor markets, explicitly solve for the efficient tax and transfer schemes and compare the planner's allocation with the equilibrium allocation." @default.
- W3121168856 created "2021-02-01" @default.
- W3121168856 creator A5026740096 @default.
- W3121168856 date "2014-11-30" @default.
- W3121168856 modified "2023-09-27" @default.
- W3121168856 title "Constrained Efficiency with Search and Information Frictions" @default.
- W3121168856 hasPublicationYear "2014" @default.
- W3121168856 type Work @default.
- W3121168856 sameAs 3121168856 @default.
- W3121168856 citedByCount "0" @default.
- W3121168856 crossrefType "posted-content" @default.
- W3121168856 hasAuthorship W3121168856A5026740096 @default.
- W3121168856 hasConcept C100243477 @default.
- W3121168856 hasConcept C105795698 @default.
- W3121168856 hasConcept C114614502 @default.
- W3121168856 hasConcept C13280743 @default.
- W3121168856 hasConcept C151730666 @default.
- W3121168856 hasConcept C162324750 @default.
- W3121168856 hasConcept C165064840 @default.
- W3121168856 hasConcept C175444787 @default.
- W3121168856 hasConcept C185798385 @default.
- W3121168856 hasConcept C199360897 @default.
- W3121168856 hasConcept C205649164 @default.
- W3121168856 hasConcept C2776999362 @default.
- W3121168856 hasConcept C2777706055 @default.
- W3121168856 hasConcept C2779343474 @default.
- W3121168856 hasConcept C33923547 @default.
- W3121168856 hasConcept C34447519 @default.
- W3121168856 hasConcept C38652104 @default.
- W3121168856 hasConcept C41008148 @default.
- W3121168856 hasConcept C66882249 @default.
- W3121168856 hasConcept C84265765 @default.
- W3121168856 hasConcept C86803240 @default.
- W3121168856 hasConcept C99221444 @default.
- W3121168856 hasConceptScore W3121168856C100243477 @default.
- W3121168856 hasConceptScore W3121168856C105795698 @default.
- W3121168856 hasConceptScore W3121168856C114614502 @default.
- W3121168856 hasConceptScore W3121168856C13280743 @default.
- W3121168856 hasConceptScore W3121168856C151730666 @default.
- W3121168856 hasConceptScore W3121168856C162324750 @default.
- W3121168856 hasConceptScore W3121168856C165064840 @default.
- W3121168856 hasConceptScore W3121168856C175444787 @default.
- W3121168856 hasConceptScore W3121168856C185798385 @default.
- W3121168856 hasConceptScore W3121168856C199360897 @default.
- W3121168856 hasConceptScore W3121168856C205649164 @default.
- W3121168856 hasConceptScore W3121168856C2776999362 @default.
- W3121168856 hasConceptScore W3121168856C2777706055 @default.
- W3121168856 hasConceptScore W3121168856C2779343474 @default.
- W3121168856 hasConceptScore W3121168856C33923547 @default.
- W3121168856 hasConceptScore W3121168856C34447519 @default.
- W3121168856 hasConceptScore W3121168856C38652104 @default.
- W3121168856 hasConceptScore W3121168856C41008148 @default.
- W3121168856 hasConceptScore W3121168856C66882249 @default.
- W3121168856 hasConceptScore W3121168856C84265765 @default.
- W3121168856 hasConceptScore W3121168856C86803240 @default.
- W3121168856 hasConceptScore W3121168856C99221444 @default.
- W3121168856 hasLocation W31211688561 @default.
- W3121168856 hasOpenAccess W3121168856 @default.
- W3121168856 hasPrimaryLocation W31211688561 @default.
- W3121168856 hasRelatedWork W1566856505 @default.
- W3121168856 hasRelatedWork W1860215322 @default.
- W3121168856 hasRelatedWork W1984034977 @default.
- W3121168856 hasRelatedWork W2029136225 @default.
- W3121168856 hasRelatedWork W2085184200 @default.
- W3121168856 hasRelatedWork W2105144876 @default.
- W3121168856 hasRelatedWork W2108007463 @default.
- W3121168856 hasRelatedWork W2185609284 @default.
- W3121168856 hasRelatedWork W2501713361 @default.
- W3121168856 hasRelatedWork W2588084348 @default.
- W3121168856 hasRelatedWork W2606039214 @default.
- W3121168856 hasRelatedWork W2755358207 @default.
- W3121168856 hasRelatedWork W2996798344 @default.
- W3121168856 hasRelatedWork W3121316846 @default.
- W3121168856 hasRelatedWork W3122353027 @default.
- W3121168856 hasRelatedWork W3122573075 @default.
- W3121168856 hasRelatedWork W3124352976 @default.
- W3121168856 hasRelatedWork W3124462264 @default.
- W3121168856 hasRelatedWork W3183162575 @default.
- W3121168856 hasRelatedWork W1984797639 @default.
- W3121168856 isParatext "false" @default.
- W3121168856 isRetracted "false" @default.
- W3121168856 magId "3121168856" @default.
- W3121168856 workType "article" @default.