Labor Market Contracts and Institutions (Contributions to Economic Analysis)
Contributors: J. Hartog (Editor); J. Theeuwes (Editor)
Publisher: North Holland
Published: April 1, 1993
Language: eng
Number of pages: 362
ISBN-13: 9780444899279
First sentence: To set the stage, we invoke the First Theorem of Welfare Economics (Arrow and Hahn, 1971; Arrow and Debreu, 1954): if a competitive equilibrium exists, it is Pareto efficient.