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and search-matching models. For that, we study a policy that consists in decreasing the urban unemployment benefit. In an … efficiency wage model, we find that there is no Todaro paradox while this is not always true in a search-matching model since a … decrease in the urban unemployment benefit can increase both urban employment and unemployment. -- efficiency wages ; search-matching …
Persistent link: https://www.econbiz.de/10003287853
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/10009310818
matching or information revealed by others' behaviours, or to endogenous effects generated by bargaining within marriage. A … in individual effects. As such the correlation in the raw smoking data is consistent with positive assortative matching … in marriage over smoking, rather than bargaining within the couple or social learning. -- smoking ; matching ; bargaining …
Persistent link: https://www.econbiz.de/10003039640
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
the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires …. First, we show how to non-parametrically identify the matching function. Second, we estimate the matching function allowing … for unobserved matching efficacy, without imposing the usual independence assumption between matching efficiency and …
Persistent link: https://www.econbiz.de/10012206513
In this paper we show that subtle forms of deceit undermine the effectiveness of incentives. We design an experiment in which the principal has an interest in underreporting the true performance difference between the agents in a dynamic tournament. According to the standard approach, rational...
Persistent link: https://www.econbiz.de/10003646717
Models with imperfect information that generate persistent monetary nonneutrality predominantly rely on assumptions leading to substantial heterogeneity of information across price-setters. This paper develops a quantitative general equilibrium model in which the degree of heterogeneity of...
Persistent link: https://www.econbiz.de/10003823147
As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...
Persistent link: https://www.econbiz.de/10003824962