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Does technological progress magnify regional disparities?

Tabuchi, Takatoshi; Thisse, Jacques-François; Zhu, Xiwei - 2016

Persistent link: https://www.econbiz.de/10011546731

Optimal contracting with verifiable ex post signals

Kessler, Anke S.; Lülfesmann, Christoph; Schmitz, … - 2000

We study an adverse selection problem in which information that is imperfectly correlated with the agent's type becomes … bad states may be strengthened. Hence, ex post information can reduce efficiency. In contrast, if the agent's utility is ….g., whether the agent is in a "buyer" or "seller" position. In both cases, however, additional information need not improve the …

Persistent link: https://www.econbiz.de/10011538996

Workplace surveillance, privacy protection, and efficiency wages

Schmitz, Patrick W. (contributor) - 2005

Consider an employer who wants her employee to work hard. As is well known from the efficiency wage literature, the employer must pay the (wealth-constrained) employee a positive rent to provide incentives for exerting unobservable effort. Alternatively, the employer could make effort observable...

Persistent link: https://www.econbiz.de/10003126397

Should contractual clauses that forbid renegotiation always be enforced?

Schmitz, Patrick W. (contributor) - 2005

Recent work in the field of mechanism design has led some researchers to propose institutional changes that would permit parties to enter into nonmodifiable contracts, which is not possible under current contract law. This paper demonstrates that it may well be socially desirable not to enforce...

Persistent link: https://www.econbiz.de/10003126403

Task Trade between Similar Countries

Grossman, Gene M.; Rossi-Hansberg, Esteban - 2012

The authors propose a theory of task trade between countries that have similar relative factor endowments and technological capabilities but may differ in size. Firms produce differentiated goods by performing a continuum of tasks, each of which generates local spillovers. Tasks can be performed...

Persistent link: https://www.econbiz.de/10012551314

Income Distribution, Product Quality, and International Trade

Fajgelbaum, Pablo; Grossman, Gene M.; Helpman, Elhanan - 2012

The authors develop a framework for studying trade in horizontally and vertically differentiated products. In their model, consumers with heterogeneous incomes and tastes purchase a homogeneous good and make a discrete choice of quality and variety of a differentiated product. The distribution...

Persistent link: https://www.econbiz.de/10012551341

How do trade and communication costs shape the spatial organization of firms?

Gokan, Toshitaka; Kichiko, Sergey; Thisse, Jacques-François - 2018

Persistent link: https://www.econbiz.de/10011961632