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Unemployment and Finance: How do Financial and Labour Market Factors Interact?
Gatti, Donatella; Rault, Christophe; Vaubourg, Anne-Gael - CESifo - 2009
Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We show that the impact of financial variables depends...
Persistent link: https://www.econbiz.de/10008596580
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Integrating with their Feet: Cross-Border Lending at the German-Austrian Border
Fidrmuc, Jarko; Hainz, Christa - CESifo - 2008
The financial integration in Europe concentrates on cross-border mergers rather than cross-border lending and emphasizes the need for harmonizing bank regulation and supervision. We study the impact of cross-border lending in a theoretical model where banks acquire either hard or soft...
Persistent link: https://www.econbiz.de/10005181385
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Banking Supervision in Integrated Financial Markets: Implications for the EU
Stolz, Stéphanie - CESifo - 2002
I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be...
Persistent link: https://www.econbiz.de/10005416491
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A Simple Model of Health Insurance Competition
Kemnitz, Alexander - CESifo - 2010
This paper investigates competition between health insurance companies under different financing regulations. We … consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health … contributions) and by fees (health premia). We find that contribution rate competition yields lower company profits and higher …
Persistent link: https://www.econbiz.de/10008727295
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Team Production in Competitive Labor Markets with Adverse Selection
Siemens, Ferdinand von; Kosfeld, Michael - CESifo - 2014
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team’s performance and therefore on their colleagues’ productivity. We study...
Persistent link: https://www.econbiz.de/10010743453
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The Impact of Losing in a Competition on the Willingness to Seek Further Challenges
Buser, Thomas - CESifo - 2014
of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment … compete in two-person tournaments and are then informed of their score and the outcome of the competition. Conditional on the …
Persistent link: https://www.econbiz.de/10010812497
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Do Markets Erode Social Responsibility?
Bartling, Björn; Weber, Roberto A. - CESifo - 2013
seller competition and limited consumer information. Fair behavior in the market is slightly lower than that measured in …
Persistent link: https://www.econbiz.de/10010718529
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Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - CESifo - 2015
&D investment, and derive predictions on the effects of trust and competition on suppliers’ investment and buyers’ procurement … - but also with more competitive procurement: trust and rents from reduced supplier competition in the procurement process …
Persistent link: https://www.econbiz.de/10011194234
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Expectations as Reference Points: Field Evidence from Experienced Subjects in a Competitive, High-Stakes Environment
Bartling, Björn; Brandes, Leif; Schunk, Daniel - CESifo - 2012
We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee’s assignment of...
Persistent link: https://www.econbiz.de/10010551016