Search, Concave Production, and Optimal Firm Size
Search, Concave Production, and Optimal Firm Size
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搜索、凹生产和最优企业规模
DOI：
10.1006/redy.1998.0056
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发表时间：
1999
影响因子：
2
通讯作者：
Eric Smith
中科院分区：
文献类型：
--
作者：
Eric Smith
摘要本文论证了在一个自由进入的搜索和讨价还价的凹型生产经济中，企业过度雇佣。讨价还价使工人的工资取决于边际生产率。因此，在严格的凹生产下，工资随着企业雇佣更多劳动力而下降。企业对这种工资函数下降的反应是选择大量低效率的工人。然而，在均衡中，更少的公司可能会进入，导致总就业和职位空缺下降。
Abstract This paper demonstrates that in a free entry search and bargaining economy with concave production firms over-employ. Bargaining allows the worker's wage to depend upon marginal productivity. As such, with strictly concave production, the wage declines as firms employ more labor. Firms react to this declining wage function by choosing an inefficiently large number of workers. However, in equilibrium, fewer firms are likely to enter causing aggregate employment and vacancies to fall.Journal of Economic LiteratureClassification Numbers: J30, J41, J50.