AN EQUILIBRIUM-MODEL OF QUITS UNDER OPTIMAL CONTRACTING

Authors
KAHN CM LONGHOFER SD
Citation
Cm. Kahn et Sd. Longhofer, AN EQUILIBRIUM-MODEL OF QUITS UNDER OPTIMAL CONTRACTING, European economic review, 37(6), 1993, pp. 1203-1222
Citations number
16
Categorie Soggetti
Economics
Journal title
European economic review → ACNP
ISSN journal
00142921
Volume
37
Issue
6
Year of publication
1993
Pages
1203 - 1222
Database
ISI
SICI code
0014-2921(1993)37:6<1203:AEOQUO>2.0.ZU;2-7
Abstract
This article develops an equilibrium model of quits in a labor market and examines the effect of contracting under asymmetric information, w hen compared with symmetric information and noncontractual base lines. We demonstrate that quits increase in periods of high output, without postulating exogenous price rigidity.