Force of Invisible Hand, Labor, and Just Price: Basic Principles of Sorting and Matching Under Wage and Price Dispersion
If the consumer realistically evaluates the efficiency of his efforts on labor and search, the purchase any quantity demanded will be optimal. Under equilibrium price dispersion suboptimal satisfying purchases represent corner solutions. A buyer who does not claim the optimal purchase eithe...
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| Format: | Article |
| Language: | English |
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Ltd. "Humanities Perspectives"
2021-03-01
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| Series: | Журнал институциональных исследований |
| Online Access: | http://hjournal.ru/en/journals/journal-of-institutional-studies/2021/252-no-1/2164-force-of-invisible-hand-labor-and-just-price-basic-principles-of-sorting-and-matching-under-wage-and-price-dispersion.html |