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Quesada, Antonio - EconWPA - 2004

Allocation rules map preference profiles into allocations, whereas trading rules map preference profiles and allocations into allocations. It is shown that no allocation rule can derive from a trading rule based on voluntary trade and satisfying a weak efficiency condition. If the trading rule...

Persistent link: https://www.econbiz.de/10005076596

The Value of Online Information Privacy: An Empirical Investigation

Hann, Il-Horn; Hui, Kai-Lung; Lee, Tom S.; Png, I.P.L. - EconWPA - 2003

Concern over online information privacy is widespread and rising. However, prior research is silent about the value of information privacy in the presence of potential benefits from sharing personally identifiable information. We analyzed individuals' trade-offs between the benefits and costs of...

Persistent link: https://www.econbiz.de/10005076866

Advertising, Pricing & Market Structure in Competitive Matching Markets

Bataille, Edner; Julien, Benoit - EconWPA - 2005

This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers. Sellers' expenditure on directly informative advertising attracts consumers only probabilistically. Consumers who happen to observe advertisements randomize over the advertised...

Persistent link: https://www.econbiz.de/10005076903

Moving costs, security of tenure and eviction

Anas, Alex; Arnott, Richard - EconWPA - 2004

We contrast equilibrium and welfare analysis in the rental housing market under two property rights regimes – eviction rights and security of tenure – when tenants face moving costs. A tenant’s idiosyncratic benefit from his unit and a landlord’s idiosyncratic profit from conversion are...

Persistent link: https://www.econbiz.de/10005124886

Sustainability of the Slovenian Pension System: An Analysis with an Overlapping-generations General Equilibrium Model

Verbic, Miroslav; Majcen, Boris; Nieuwkoop, Renger van - EconWPA - 2005

The article presents an analysis of welfare effects in Slovenia, an analysis of macroeconomic effects of the Slovenian pension reform and an analysis of effects of the pension fund deficit on sustainability of Slovenian public finances with a dynamic OLG general equilibrium model. It has been...

Persistent link: https://www.econbiz.de/10005125636

On the Allocative Efficiency of Competitive Prices in Economies with Incomplete Markets

Sabarwal, Tarun - EconWPA - 2004

A new measure of constrained efficiency for application in economies with incomplete markets is presented. This measure --- termed Allais- Malinvaud efficiency --- can be viewed as adjusting for market incompleteness not fully captured in previous work. It is shown that equilibrium allocations...

Persistent link: https://www.econbiz.de/10005125664

Some Deadweight Losses from the Minimum Wage: The Cases of Full and Partial Compliance

Palda, Filip - EconWPA - 2001

This paper highlights the social costs from non-price rationing of the labour force due to the minimum wage. By short …-circuiting the ability of low reservation-wage workers to underbid high-reservation wage workers, the minimum wage interferes with … firms can evade part or all of the minimum wage, an extra deadweight loss arises. Firms with high evasive ability but low …

Persistent link: https://www.econbiz.de/10005125784

Search, Mismatch and Unemployment

Blázquez, Maite; Jansen, Marcel - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005125814

On the Stability of Group Formation: Managing the Conflict Within

Garfinkel, Michelle R. - EconWPA - 2003

This paper develops a positive analysis of stable group formation, highlighting the role of conflict management within groups. The analysis is based on a model of sequential conflict, starting with a "winner- take-all" contest for control of some resource. When a group forms, members pool their...

Persistent link: https://www.econbiz.de/10005125868

The inefficiency of firm-augmenting public input vs. The inapplicability of provision rules

Colombier, Carsten - EconWPA - 2004

This paper contributes to the debate about the appropriate efficiency rule for the provision of a firm-augmenting public input. This debate is caused by the dissatisfaction of Kaizuka-rule, i.e. a Samuelson-type condition for public inputs, in the long run. Therefore the applicability of...

Persistent link: https://www.econbiz.de/10005125939