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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - Institute for the Study of Labor (IZA) - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009359868
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Competition, Hidden Information and Efficiency: An Experiment
Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 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/10005703707
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Do Market Pressures Induce Economic Efficiency: The Case of Slovenian Manufacturing, 1994-2001
Orazem, Peter F.; Vodopivec, Milan - Institute for the Study of Labor (IZA) - 2003
, and international trade also raise firm efficiency in the industry. Results strongly confirm that market competition …The Slovenian transition represents a slow but steady liberalization of constraints on competition. Using a unique … longitudinal data set on all manufacturing firms in Slovenia over the period 1994-2001, this study analyzes how firm efficiency …
Persistent link: https://www.econbiz.de/10005822655
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Telecommunications Dynamics, Output and Employment
Jungmittag, Andre; Welfens, Paul J.J. - Institute for the Study of Labor (IZA) - 2006
In EU countries, opening up of telecommunications markets and regulations have helped to reduce the price of digital services which is an important quasi-input factor in all firms. Integrating the use of telecommunications in a macroeconomic production function is the analytical starting point...
Persistent link: https://www.econbiz.de/10005233868
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The Prevalence and Effects of Occupational Licensing
Kleiner, Morris M.; Krueger, Alan B. - Institute for the Study of Labor (IZA) - 2008
This study provides the first nation-wide analysis of the labor market implications of occupational licensing for the U.S. labor market, using data from a specially designed Gallup survey. We find that in 2006, 29 percent of the workforce was required to hold an occupational license from a...
Persistent link: https://www.econbiz.de/10005233920
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What Are Over-the-Road Truckers Paid For? Evidence from an Exogenous Regulatory Change on the Role of Social Comparisons and Work Organization in Wage Determination
Burks, Stephen V.; Guy, Frederick - Institute for the Study of Labor (IZA) - 2012
relevant theoretical explanations: payment for cognitive abilities or non-pecuniary disamenities; standard efficiency wage …
Persistent link: https://www.econbiz.de/10009652529
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What Drives the Demand for Temporary Agency Workers?
Jahn, Elke J.; Bentzen, Jan - Institute for the Study of Labor (IZA) - 2010
Temporary agency employment has grown steadily in most European countries over the past three decades as part of the general trend towards increased employment flexibility. Yet to this day, it remains an open question what drives the demand for temporary agency workers. The paper examines,...
Persistent link: https://www.econbiz.de/10008742959
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Shadow Economies and Corruption All Over the World: What Do We Really Know?
Schneider, Friedrich - Institute for the Study of Labor (IZA) - 2006
with a labor market regulation are the driving forces of the shadow economy. Furthermore, the results show that the shadow …
Persistent link: https://www.econbiz.de/10005703821
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Product Market Regulation and Macroeconomic Performance: A Review of Cross Country Evidence
Schiantarelli, Fabio - Institute for the Study of Labor (IZA) - 2005
country data to study the effect of product market regulation and reform on a country’s macroeconomic performance. After a … of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output …
Persistent link: https://www.econbiz.de/10005822371
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The Determinants of the Global Digital Divide: A Cross-Country Analysis of Computer and Internet Penetration
Chinn, Menzie D.; Fairlie, Robert W. - Institute for the Study of Labor (IZA) - 2004
To identify the determinants of cross-country disparities in personal computer and Internet penetration, we examine a panel of 161 countries over the 1999-2001 period. Our candidate variables include economic variables (income per capita, years of schooling, illiteracy, trade openness),...
Persistent link: https://www.econbiz.de/10005822834