Showing 1 - 10 of 216
We develop a three-stage model of abatement technology search, adoption, and deployment. Using this model, which draws … on search theory tools more frequently used in labour and monetary economics, we compare market-based and command …-and-control pollution control instruments with respect to the incentives each provides for abatement technology search and adoption …
Persistent link: https://www.econbiz.de/10010349873
Increased competition tends to benefit all buyers with increasing product variety and decreasing prices. However, if local and external market channels compete for the same class of products, increased competition from the external market crowds out local variety. Under local monopoly, local...
Persistent link: https://www.econbiz.de/10012026420
Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks, such as product searches, portfolio choices, and human resource procurement. These tasks often involve a trade-off between exploration and exploitation, which can be highly...
Persistent link: https://www.econbiz.de/10013482224
all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a … realized network. -- efficiency ; network clearing ; random bipartite network formation ; simultaneous search …
Persistent link: https://www.econbiz.de/10009239488
We analyze data pricing and targeted advertising. Advertisers seek to tailor their spending to the value of each consumer. A monopolistic data provider sells cookies -- informative signals about individual consumers' preferences. We characterize the set of consumers targeted by the advertisers...
Persistent link: https://www.econbiz.de/10013073446
We propose a model of data provision and data pricing. A single data provider controls a large database that contains information about the match value between individual consumers and individual firms (advertisers). Advertisers seek to tailor their spending to the individual match value. The...
Persistent link: https://www.econbiz.de/10013047747
We develop a model of data pricing and targeted advertising. A monopolistic data provider determines the price to access "cookies," i.e., informative signals about individual consumers' preferences. The demand for information is generated by advertisers who seek to tailor their spending to the...
Persistent link: https://www.econbiz.de/10013062477
We present an equilibrium model with inter-linked labour and marriage markets, and argue that search frictions play an … affects their job search behaviour, which in turn can lead to marital wage gaps ranked across productivities. Male … marriage market, male reservation wages linked to productivities do affect the resulting assortative matching structure, and …
Persistent link: https://www.econbiz.de/10011669663
welfare under incomplete contracting and endogenous matching. Contract incompleteness implies underinvestment. That …
Persistent link: https://www.econbiz.de/10011927909
Vi. First, we estimate a structural model of assortative marriage matching and show that such beliefs’ importance in …
Persistent link: https://www.econbiz.de/10015046286