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Lester, Benjamin R.; Visschers, Ludo; Wolthoff, Ronald P. - Institute for the Study of Labor (IZA) - 2013

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to … asking price and that this offer may be accepted if the seller receives no better offers. Despite their prevalence in a … environment with a few simple, realistic ingredients and demonstrate that using an asking price is optimal: it is the pricing …

Persistent link: https://www.econbiz.de/10010812035

Consumer Search Costs and Preferences on the Internet

Jolivet, Grégory; Turon, Hélène - Institute for the Study of Labor (IZA) - 2014

and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price … available and sometimes even choose an advert that is dominated in price and non-price characteristics (such as seller …

Persistent link: https://www.econbiz.de/10011078385

Skill Shortages in German Establishments

Bellmann, Lutz; Hübler, Olaf - Institute for the Study of Labor (IZA) - 2014

This paper investigates the development of skill shortage during the period 2007-2012. Using the IAB establishment panel, we find differences for the years before, during and after the Great Recession. Furthermore, we analyze the importance of firm characteristics and that of some specific...

Persistent link: https://www.econbiz.de/10010959553

Birthplace Diversity and Productivity Spill-overs in Firms

Böheim, René; Horvath, Thomas; Mayr, Karin - Institute for the Study of Labor (IZA) - 2014

We determine workforce composition and wages in firms in the presence of productivity spill-overs between co-workers. In equilibrium, workers' wages depend on the production structure of firms, own group size, and aggregate workforce composition in the firm. We estimate the wage effects of...

Persistent link: https://www.econbiz.de/10010959619

Rational Inattention and Employer Learning

Habermalz, Steffen - Institute for the Study of Labor (IZA) - 2010

attention (=information processing capacity) to learning about the productivity of different worker groups. I find that firms …

Persistent link: https://www.econbiz.de/10008693841

The Sociology of Groups and the Economics of Incentives: Theory and Evidence on Compensation Systems

III, William E. Encinosa; Gaynor, Martin; Rebitzer, James B. - Institute for the Study of Labor (IZA) - 2005

When working together, people engage in non-contractual and informal interactions that constitute the sociology of the group. We use behavioral models and a unique survey of medical groups to analyze how group sociology influences physician incentive pay and behavior. We conclude that informal...

Persistent link: https://www.econbiz.de/10005700958

Who Do Unions Target? Unionization over the Life-Cycle of U.S. Businesses

Dinlersoz, Emin; Greenwood, Jeremy; Hyatt, Henry R. - Institute for the Study of Labor (IZA) - 2014

What type of businesses do unions target for organizing? A dynamic model of the union organizing process is constructed to answer this question. A union monitors establishments in an industry to learn about their productivity and decides which ones to organize and when. An establishment becomes...

Persistent link: https://www.econbiz.de/10010959698

Credit Constraints as a Barrier to the Entry and Post-Entry Growth of Firms

Scarpetta, Stefano; Aghion, Philippe; Fally, Thibault - Institute for the Study of Labor (IZA) - 2007

Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms’ decision to enter, to expand if successful and to...

Persistent link: https://www.econbiz.de/10005233782

Do Entrepreneurs Matter?

Becker, Sascha O.; Hvide, Hans K. - Institute for the Study of Labor (IZA) - 2013

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...

Persistent link: https://www.econbiz.de/10010604486

Job Creation and Job Destruction in a Regulated Labor Market: The Case of Austria

Stiglbauer, Alfred M.; Stahl, Florian; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 2002

We study Austrian job reallocation in the period of 1978 to 1998, using a large administrative dataset where we correct for "spurious" entries and exits of firms. We find that on average 9 out of 100 randomly selected jobs were created within the last year, and that about 9 out of randomly...

Persistent link: https://www.econbiz.de/10005761931

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