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A Welfare Analysis of Employment Contracts with and without Asymmetric Information

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Publication:3320083
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DOI10.2307/2297435zbMATH Open0535.90016OpenAlexW2063676185MaRDI QIDQ3320083

A. J. Hosios

Publication date: 1984

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297435



zbMATH Keywords

labor marketconstrained Pareto optimalityincomplete risk marketsrandom production technologieswelfare economics of employment contracts


Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)



Related Items (5)

Asymmetric information, strategic behavior, and discrimination in the labor market ⋮ A characterization of employment distortions in labor contracts with asymmetric information ⋮ Private Information, Wage Bargaining and Employment Fluctuations ⋮ Implicit Contracts with Asymmetric Information and Bankruptcy: The Effect of Interest Rates on Layoffs ⋮ Who Benefits from Workers with General Skills? Countervailing Incentives in Labour Contracts






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