Showing 1 - 10 of 36
This paper gives a unified and simple treatment of three related questions in the demand theory of the weak axiom: (i) Is there an elementary, i.e., non-fixed point theoretic, proof of equilibrium existence when the excess demand function of an economy satisfies the weak axiom? (ii) What...
Persistent link: https://www.econbiz.de/10010604990
extending the concept of rationalizability to extensive form games. …
Persistent link: https://www.econbiz.de/10005051126
This paper provides an overview of a new database that contains intellectual property data - in the form of patents and trademarks - for the population of firms registered in the UK.  The paper discusses the principal challenges involved in the construction of this integrated database and...
Persistent link: https://www.econbiz.de/10008914078
Using data from a field experiment conducted in seventy Colombian municipalities, we investigate who pools risk with whom when risk pooling arrangements are not formally enforced.  We explore the roles played by risk attitudes and network connections both theoretically and empirically.  We...
Persistent link: https://www.econbiz.de/10011004300
Vocational training systems differ markedly between countries. A model of firm-based human capital investment predicts equilibria characterised by particular patterns of training and job-to-job mobility, consistent with observed cross-country differences. Incentives to invest in human capital...
Persistent link: https://www.econbiz.de/10011004405
Consumption in the time of Internet is characterized by extremely low search costs, leading to increased product diversity (the long tail) and large mainstream products (superstars).  In this paper, I show how the mainstream taste can be catered by a niche product, while minority tastes can be...
Persistent link: https://www.econbiz.de/10011004455
matching market offerscontracts. I show that when expected marital surplus is strictly monotonic in agents’types, no … separating equilibrium that achieves matching efficiency exists. I then studya social planner’s problem, finding necessary and … sufficient conditions for a truthful directrevelation mechanism to achieve matching efficiency. These conditions become …
Persistent link: https://www.econbiz.de/10011133064
This paper analyses the contract-posting equilibrium in a general equilibrium matching model of the labour market with … efficient matching of workers to jobs. Contracts with a rising wage-tenure profile can be interpreted as a form of monopsonistic … efficiency of matching. …
Persistent link: https://www.econbiz.de/10010605076
Part of a long-run project to put together a systematic database of prices and wages for the American contingents, this paper takes a first look at standards of living in a series of North American and Latin American cities.  From secondary sources we collected price data that - with diverse...
Persistent link: https://www.econbiz.de/10009191088
of labour market effectiveness in matching vacancies to unemployed job-seekers. This paper attemps to repeat the … stability analysis of the matching technology, having relaxed some of the restrictions generally imposed in deriving a Beveridge …
Persistent link: https://www.econbiz.de/10005776249