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Land Collateral and Labor Market Dynamics in France

Kaas, Leo; Pintus, Patrick A.; Ray, Simon - CESifo - 2014

The value of land in the balance sheet of French firms correlates positively with their hiring and investment flows. To explore the relationship between these variables, we develop a macroeconomic model with firms that are subject to both credit and labor market frictions. The value of...

Persistent link: https://www.econbiz.de/10010948812

No Guarantees, No Trade: How Banks Affect Export Patterns

Niepmann, Friederike; Schmidt-Eisenlohr, Tim - CESifo - 2014

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The identification strategy exploits variation in the importance of banks as providers of letters of credit across countries. The larger a U.S. bank’s share of the trade finance market...

Persistent link: https://www.econbiz.de/10010948822

Work Values, Endogenous Sentiments and Redistribution

Cervellati, Matteo; Esteban, Joan; Kranich, Laurence - Departament d'Economia i Història Econòmica, … - 2010

We examine the interactions between individual behavior, sentiments and the social contract in a model of rational voting over redistribution. Agents have moral "work values". Individuals' self-esteem and social consideration of others are endogenously determined comparing behaviors to moral...

Persistent link: https://www.econbiz.de/10008540822

The Social Contract with Endogenous Sentiments

Cervellati, Matteo; Esteban, Joan; Kranich, Laurence - Departament d'Economia i Història Econòmica, … - 2007

Moral values influence individual behavior and social interactions. A specially significant instance is the case of moral values concerning work effort. Individuals determine what they take to be proper behaviour and judge the others, and themselves, accordingly. They increase their esteem -and...

Persistent link: https://www.econbiz.de/10005572208

Pareto Improvement through Unilateral Matching of Public Good Contributions: The Role of Commitment

Buchholz, Wolfgang; Cornes, Richard; Peters, Wolfgang; … - CESifo - 2014

When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the …

Persistent link: https://www.econbiz.de/10010877815

Households, Markets and Public Choice

Gersbach, Hans; Haller, Hans - CESifo - 2014

favorable conditions for matching on the one hand, and for global collective decisions on the other hand. We establish …

Persistent link: https://www.econbiz.de/10010889986

Regional Equilibrium Unemployment Theory at the Age of the Internet

Lutgen, Vanessa; Linden, Bruno Van der - CESifo - 2015

This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are …. Search-matching externalities are amplified by the latter possibility and by the fact that some workers can simultaneously … receive a job offer from each region. The rest of the framework builds upon Moretti (2011). Increasing the matching …

Persistent link: https://www.econbiz.de/10011272629

On group strategy-proof mechanisms for a many-to-one matching model

Ruth Mart?ez; Jordi MassóAuthor-Email: jordi.masso@uab.es - Departament d'Economia i Història Econòmica, … - 2003

For the many-to-one matching model in which firms have substitutable and quota q-separable preferences over subsets of … college admissions problem) the workers-optimal stable matching is weakly Pareto optimal for the workers and the Blocking …

Persistent link: https://www.econbiz.de/10005247863

Wages, Rents, Unemployment, and the Quality of Life

Wrede, Matthias - CESifo - 2012

Combining a spatial equilibrium model with a matching unemployment model, this paper analyzes the regional quality of …

Persistent link: https://www.econbiz.de/10010546957

The Multiple-partners Assignment Game with Heterogeneous Sales and Multi-unit Demands: Competitive Equilibria

Jaume, Daniel; Massó, Jordi; Neme, Alejandro - Departament d'Economia i Història Econòmica, … - 2010

A multiple-partners assignment game with heterogeneous sales and multiunit demands consists of a set of sellers that own a given number of indivisible units of (potentially many different) goods and a set of buyers who value those units and want to buy at most an exogenously fixed number of...

Persistent link: https://www.econbiz.de/10008592869