Similar Search Results

Scale Effects in Markets with Search

Petrongolo, Barbara; Pissarides, Christopher A. - Centre for Economic Performance, LSE - 2003

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

Persistent link: https://www.econbiz.de/10005016877

Evaluating the Performance of the Search and Matching Model

Yashiv, Eran - Centre for Economic Performance, LSE - 2005

Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool …

Persistent link: https://www.econbiz.de/10005797254

Imperfect Competition in the Labour Market

Manning, Alan - Centre for Economic Performance, LSE - 2010

It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...

Persistent link: https://www.econbiz.de/10008542750

Labor Search and Matching in Macroeconomics

Yashiv, Eran - Centre for Economic Performance, LSE - 2007

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

Persistent link: https://www.econbiz.de/10005510441

Video killed the radio star? Evidence from YouTube and iTunes

Kretschmer, Tobias; Peukert, Christian - Centre for Economic Performance, LSE - 2014

Making video clips of a song unavailable on YouTube has no effect on its sales on iTunes; but album sales suffer when video clips of a song from it are made unavailable on YouTube. These findings of a study by Tobias Kretschmer and Christian Peukert suggest that we need not worry too much about...

Persistent link: https://www.econbiz.de/10010933779

Consumer Search: Evidence from Path-tracking Data

Pinna, Fabio; Seiler, Stephan - Centre for Economic Performance, LSE - 2014

We estimate the effect of consumer search on the price of the purchased product in a physical store environment. We … the shelf when contemplating which product to buy, giving us a direct measure of search effort. Controlling for a host of …

Persistent link: https://www.econbiz.de/10010945143

Information Costs, Networks and Intermediation in International Trade

Petropoulou, Dimitra - Centre for Economic Performance, LSE - 2008

This paper presents a pairwise matching model with two-sided information asymmetry to analyse the impact of information … costs on endogenous network building and matching by information intermediaries. The framework innovates by examining the … matching technologies available to traders. Moreover, convexity in network-building costs is necessary for both direct and …

Persistent link: https://www.econbiz.de/10005151029

Competing for Contacts: Network Competition, Trade Intermediation and Fragmented Duopoly

Petropoulou, Dimitra - Centre for Economic Performance, LSE - 2008

A two-sided, pair-wise matching model is developed to analyse the strategic interaction between two information …

Persistent link: https://www.econbiz.de/10005151040

Heterogeneity, Demand for Insurance and Adverse Selection

Spinnewijn, Johannes - Centre for Economic Performance, LSE - 2012

Recent empirical work finds that surprisingly little variation in the demand for insurance is explained by heterogeneity in risks. I distinguish between heterogeneity in risk preferences and risk perceptions underlying the unexplained variation. Heterogeneous risk perceptions induce a systematic...

Persistent link: https://www.econbiz.de/10010547596

Internal Rationality, Imperfect Market Knowledge and Asset Prices

Adam, Klaus; Marcet, Albert - Centre for Economic Performance, LSE - 2011

We present a decision theoretic framework in which agents are learning about market behavior and that provides microfoundations for models of adaptive learning. Agents are 'internally rational', i.e., maximize discounted expected utility under uncertainty given dynamically consistent subjective...

Persistent link: https://www.econbiz.de/10009220233