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Wage Inequality in a Frictional Labor Market

Shapiro, Joel - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

Wage inequality in the United States has grown substantially in the past two decades. Standard supply-demand analysis in the empirics of inequality (e.g. Katz and Murphy (1992)) indicates that we may attribute some of this trend to an outward shift in the demand for high skilled labor. In this...

Persistent link: https://www.econbiz.de/10010547287

A Positive Theory of Geographic Mobility and Social Insurance

Hassler, John; Mora, José Vicente Rodríguez - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

Evidence suggests that unemployed individuals sometimes can affect their job prospects by undertaking a costly action like deciding to move or retrain. Realistically, such an opportunity arises only for some individuals and the identity of those is unobservable. Unemployment insurance should...

Persistent link: https://www.econbiz.de/10010547525

Search and Matching in the Labor Market without Unemployment Insurance

Obiols-Homs, Francesc - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We study the effect of market incompleteness in a search model of the labor market in which the distribution of … idiosyncratic uncertainty is determined endogenously. We show that costly search introduces a wealth effect at low levels of wealth … choose not to search. The effect of the market arrangement remains dramatically large. …

Persistent link: https://www.econbiz.de/10011152453

A Theory of Reference-Dependent Behavior

Apesteguia, Jose; Ballester, Miguel Angel - Barcelona Graduate School of Economics (Barcelona GSE) - 2007

Extensive field and experimental evidence in a variety of environments show that behavior depends on a reference point. This paper provides an axiomatic characterization of this dependence. We proceed by imposing gradually more structure on both choice correspondences and preference relations,...

Persistent link: https://www.econbiz.de/10011253108

A New Compact Linear Programming Formulation for Choice Network Revenue Management

Kunnumkal, Summit; Talluri, Kalyan - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

The choice network revenue management model incorporates customer purchase behavior as a function of the offered products, and is the appropriate model for airline and hotel network revenue management, dynamic sales of bundles, and dynamic assortment optimization. The optimization problem is a...

Persistent link: https://www.econbiz.de/10010851338

Climate Change and the Cost of Carbon Sequestration: The Case of Forest Management

Goetz, Renan Ulrich; Hritonenko, Natali; Mur, Ruben; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2008

The Kyoto protocol allows Annex I countries to deduct carbon sequestered by land use, land-use change and forestry from their national carbon emissions. Thornley and Cannell (2000) demonstrated that the objectives of maximizing timber and carbon sequestration are not complementary. Based on this...

Persistent link: https://www.econbiz.de/10010851368

Recursive Contracts

Marcet, Albert; Marimon, Ramon - Barcelona Graduate School of Economics (Barcelona GSE) - 2011

We obtain a recursive formulation for a general class of contracting problems involving incentive constraints. These constraints make the corresponding maximization sup problems non-recursive. Our approach consists of studying a recursive Lagrangian. Under standard general conditions, there is a...

Persistent link: https://www.econbiz.de/10010851446

On the Tractability of the Piecewiselinear Approximation for General Discrete-Choice Network Revenue Management

Kunnumkal, Sumit; Talluri, Kalyan - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

The choice network revenue management (RM) model incorporates customer purchase behavior as customers purchasing products with certain probabilities that are a function of the offered assortment of products, and is the appropriate model for airline and hotel network revenue management, dynamic...

Persistent link: https://www.econbiz.de/10010851454

The optimal behaviour of firms facing stochastic costs

Menoncin, Francesco; Nicolini, Rosella - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

This paper aims at assessing the optimal behavior of a firm facing stochastic costs of production. In an imperfectly competitive setting, we evaluate to what extent a firm may decide to locate part of its production in other markets different from which it is actually settled. This decision is...

Persistent link: https://www.econbiz.de/10010547087

A New Model for Designing a Product Line Using TURF Analysis

Serra, Daniel - Barcelona Graduate School of Economics (Barcelona GSE) - 2010

model. This improves the efficiency of the search for the solution to the problem compared to the algorithms that have been …

Persistent link: https://www.econbiz.de/10010547128