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matching or information revealed by others' behaviours, or to endogenous effects generated by bargaining within marriage. A … in individual effects. As such the correlation in the raw smoking data is consistent with positive assortative matching … in marriage over smoking, rather than bargaining within the couple or social learning. …
Persistent link: https://www.econbiz.de/10005700850
This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …
Persistent link: https://www.econbiz.de/10005761761
Friedman (1962) suggested that in general, unfettered markets ensure the efficient provision of goods and services …
Persistent link: https://www.econbiz.de/10010632994
the players and policies in the many distinct domestic and international markets that exist for the inputs and outputs of …
Persistent link: https://www.econbiz.de/10005703607
Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as measured by earnings is examined. Contrarily to previous studies which rely on instrumental variable techniques, selection issues are addressed within a fixed effects framework. The...
Persistent link: https://www.econbiz.de/10008532120
We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of "assets" in a market context. Teams of traders learn the task’s...
Persistent link: https://www.econbiz.de/10008532122
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010706055
/methodological viewpoint, we extend a somewhat flexible search-matching economy to alternative bargaining solutions. In particular, we prove … search-matching economies. Second, our results show that even though the traditional results of bargaining theory apply in …-known bargaining solutions. We apply the Nash, the Egalitarian and the Kalai-Smorodinsky bargaining solutions in the small firm …
Persistent link: https://www.econbiz.de/10008564709
problem between the central office and local job centers. In markets characterized by frictions, job centers function as match …
Persistent link: https://www.econbiz.de/10008564693
Discouragement is a process occurring during an unemployment spell. As the spell prolongs, an individual gradually realises that the returns to search can no longer outweigh search costs, and hence she may eventually leave the labour force. This is analysed theoretically in a framework of...
Persistent link: https://www.econbiz.de/10005822813