J31 - Wage Level and Structure; Wage Differentials - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T09:14:49+00:00Constrained Efficiency with Adverse Selection and Directed Search
https://www.bankofcanada.ca/2017/04/staff-working-paper-2017-15/
Constrained efficient allocation (CE) is characterized in a model of adverse selection and directed search (Guerrieri, Shimer, and Wright (2010)). CE is defined to be the allocation that maximizes welfare, the ex-ante utility of all agents, subject to the frictions of the environment.2017-04-20T13:21:02+00:00enConstrained Efficiency with Adverse Selection and Directed Search2017-04-20Economic modelsFinancial marketsFinancial system regulation and policiesMarket structure and pricingStaff Working Paper 2017-15https://www.bankofcanada.ca/wp-content/uploads/2017/04/swp2017-15.pdfConstrained Efficiency with Adverse Selection and Directed SearchMohammad DavoodalhosseiniApril 2017DD8D82D83EE2E24GG1JJ3J31J6J64