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Hidden Information, Bargaining Power, And Efficiency: An Experiment
Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - HAL - 2011
agents affect outcomes and efficiency. Informational asymmetries generate inefficiency. In an environment where principals … principals. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the relative … number of agents because competition reduces the agents' informational monopoly power. However, this environment also …
Persistent link: https://www.econbiz.de/10009220690
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Competition, Hidden Information and Efficiency: An Experiment
Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - HAL - 2006
principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational …We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … inefficiencies remain. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the …
Persistent link: https://www.econbiz.de/10008788974
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Competition, Hidden information, and Efficiency: an Experiment
Cabrales, Antonio; Charness, Gary - HAL - 2006
principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational …We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … inefficiencies remain. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the …
Persistent link: https://www.econbiz.de/10008791535
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Overemployment, Underemployment and the opportunity cost of time
Barré, Thomas - HAL - 2010
Focusing on individual labor market positions, this article proposes a new approach to elicit and measure constraints faced by rural households. Under market imperfections, individuals fail to equalize their hourly income to their shadow wage and become over- or underemployed. We estimate and...
Persistent link: https://www.econbiz.de/10010750967
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"Sex in marriage is a divine gift": For whom ? Evidence from the Manila contraceptive ban
Dumas, Christelle; Lefranc, Arnaud - HAL - 2013
We analyze the tradeoff between child quantity and quality in developing countries by estimating the effect of family size on child education in urban Philippines. To isolate exogenous changes in family size, we exploit a policy shock: in the late 1990s, the mayor of Manila enacted a municipal...
Persistent link: https://www.econbiz.de/10010899533
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Benefits to elite schools and the formation of expected returns to education: Evidence from Mexico City
Estrada, Ricardo; Gignoux, Jérémie - HAL - 2014
We study the effects of admission into elite public high schools in Mexico City on students' expected earnings, arguing these effects provide an indication of the value-added those schools produce. Using data for the centralized and exam-based allocation of students into schools and an adapted...
Persistent link: https://www.econbiz.de/10010750995
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Returns to Education and Education-Occupation Mismatch within a Transition Economy. Empirical Analysis for the Russian Federation
Kyui, Natalia - HAL - 2010
This paper makes a thorough analysis of the returns to tertiary education and education-occupation matches within a transition economy and compares these returns to similar returns in a developed economy. This study shows through the example of the Russian Federation that the increase in the...
Persistent link: https://www.econbiz.de/10010603626
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The Return to Schooling in Structural Dynamic Models: A Survey
Belzil, Christian - HAL - 2006
This papers contains a survey of the recent literature devoted to the returns to schooling within a dynamic structural framework. I present a historical perspective on the evolution of the literature, from early static models set in a selectivity framework (Willis and Rosen, 1979) to the recent...
Persistent link: https://www.econbiz.de/10008792063
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Earnings Dispersion, Risk Aversion and Education
Belzil, Christian; Hansen, Jörgen - HAL - 2004
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10008792277
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Testing the Specification of the Mincer Wage Equation
Belzil, Christian - HAL - 2006
Using panel data taken from the NLSY, I perform the joint estimation of i) a reduced-form dynamic model of the transition from one grade level to the next with observed and unobserved heterogeneity, and ii) a flexible version of the celebrated Mincerian wage equation with skill heterogeneity,...
Persistent link: https://www.econbiz.de/10008793057