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This paper analyzes the effect of volatility in oil prices on the degree of asymmetry in the response of gasoline prices to oil price increases and decreases. Several time series measures of the asymmetry between the responses of gasoline prices to oil price increases and decreases and several...
Persistent link: https://www.econbiz.de/10005412951
This paper is the first of its kind to study utility interdependence in marriage using information on subjective well …
Persistent link: https://www.econbiz.de/10005076542
This paper empirically examines the life-time joint decision problem of marriage, childbearing, and labor force … generally insignificant. Utility gains and losses from marriage are significantly negative if one leaves out financial … of marriage and two children as a typical family unit is negative for women in the labor force. …
Persistent link: https://www.econbiz.de/10005125788
A long-term relationship such as marriage will not operate efficiently without sanctions for misconduct, of which …
Persistent link: https://www.econbiz.de/10005126038
recognition between men and women that provides a microfoundation for the institution of marriage. In the model, men and women …. As a socially sanctioned commitment device among partners, the institution of marriage reduces this risk by restraining … societal, economic, and technological changes in their effects on marriage patterns. A combination of factors is argued to …
Persistent link: https://www.econbiz.de/10005408289
Based on administrative data from the federal employment office in Germany, we apply matching techniques to estimate …
Persistent link: https://www.econbiz.de/10005125736
first half of the paper, I present an equilibrium matching model where heterogeneous workers and firms learn about match … yields an assortative matching result that predicts a negative correlation between estimated person and firm effects, which … matching model implies a specific structure for the error covariance. I exploit this structure to test whether earnings …
Persistent link: https://www.econbiz.de/10005125778
Persistent link: https://www.econbiz.de/10005125814
Participants in a market, buyers and sellers, may need the service of an intermediary who will put them into contact and give them information about their potential trading partner. The intermediary chooses what price it will charge to each side to have access to its service. It also chooses...
Persistent link: https://www.econbiz.de/10005134532
game. Conversely, the set of repeated matching (or social) equilibria also includes some plays that are not part of any … definitions, as well as the relationship to renegotiation-proof equilibrium. It is possible for repeated matching equilibria to be …
Persistent link: https://www.econbiz.de/10005062336