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Unemployment versus Mismatch of Talents: Reconsidering Unemployment Benefits

Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1997

We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The predictions of our simple model are consistent with the...

Persistent link: https://www.econbiz.de/10005788908

The Burden and Disincentive Effects of Hungarian Personal Taxes 1988-96

Newbery, David M G; Revesz, Tamas - C.E.P.R. Discussion Papers - 1997

The paper analyses the revenue-raising, distributional and incentive effects of the personal tax system in Hungary from the start of the transitional tax reforms of 1988, and develops methods for estimating marginal indirect taxes. It evaluates the distributional impact of revenue-neutral...

Persistent link: https://www.econbiz.de/10005789193

Entry, Cost Reduction and Competition in The Portuguese Mobile Telephone Industry

Gagnepain, Philippe; Pereira, Pedro - C.E.P.R. Discussion Papers - 2005

We study the effect of entry on costs and competition in the Portuguese mobile telephony industry. We construct and estimate a model that includes demand, network, and cost equations. The latter accounts for inefficiency and cost reducing effort. We show that failure to account for cost reducing...

Persistent link: https://www.econbiz.de/10005791373

Equilibrium Incentive Contracts

Moen, Espen R; Rosén, Åsa - C.E.P.R. Discussion Papers - 2003

We study a labour market in which firms can observe workers’ output but not their effort, and in which a worker’s productivity in a given firm depends on a worker-firm specific component, unobservable for the firm. Firms offer wage contracts that optimally trade off effort and wage costs. As...

Persistent link: https://www.econbiz.de/10005791700

How Efficient are Firms in Transition Countries? Firm-Level Evidence from Bulgaria and Romania

Konings, Jozef; Repkin, Alexander - C.E.P.R. Discussion Papers - 1998

industries using firm-level panel data. The technical efficiency of firms is found to vary significantly both within and across … industrial sectors in each country. We find strong evidence of a positive relationship between firm technical efficiency levels … between firm efficiency and size is also found to be positive, suggesting big industrial firms in the former planned economies …

Persistent link: https://www.econbiz.de/10005792075

Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?

Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2005

Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …

Persistent link: https://www.econbiz.de/10005792168

Working-Time Regulation, Firm Heterogeneity, and Efficiency

Ortega, Javier - C.E.P.R. Discussion Papers - 2003

of a legal workweek may enhance efficiency with respect to laissez-faire: while laissez-faire is good at allocating hours …

Persistent link: https://www.econbiz.de/10005792262

Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies

Gomes, Armando R; Jehiel, Philippe - C.E.P.R. Discussion Papers - 2001

This Paper considers the efficiency and convergence properties of dynamic processes of social and economic interactions … in the long-run. Conversely, long-run efficiency can only be attained in a robust way if there exists an efficient …

Persistent link: https://www.econbiz.de/10005792299

Bidding in Mandatory Bankruptcy Auctions: Theory and Evidence

Eckbo, B Espen; Thorburn, Karin S - C.E.P.R. Discussion Papers - 2005

We analyse bidding incentives and present evidence on takeover premiums in Sweden’s mandatory bankruptcy auctions. The typical auction attracts multiple bidders and results in the firm being sold as a going concern. We model the incentive of the bankrupt firm’s main creditor (a bank) to...

Persistent link: https://www.econbiz.de/10005792429

Competition with Local Network Externalities

Fjeldstad, Øystein; Moen, Espen R; Riis, Christian - C.E.P.R. Discussion Papers - 2010

Local network externalities are present when the utility of buying from a firm not only depends on the number of other customers (global network externalities), but also on their identity and/or characteristics. We explore the consequences of local network externalities within a framework where...

Persistent link: https://www.econbiz.de/10008530382