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Revolutionary Effects of New Information Technologies

Berg, Gerard J. van den - Institute for the Study of Labor (IZA) - 2005

In markets with imperfect information and heterogeneity, the information technology affects the rate at which agents meet, which in turn affects the distribution of production technologies across firms. We show that in models for such markets there are typically multiple equilibria because...

Persistent link: https://www.econbiz.de/10005822460

Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects

Gersbach, Hans - Institute for the Study of Labor (IZA) - 2003

We examine the macroeconomic consequences of industry wage bargaining and product market reforms. We suggest that general equilibrium effects may be important for the evaluation of industry-specific regulations. In particular, we suggest that the European unemployment problem can be traced back...

Persistent link: https://www.econbiz.de/10005703748

Experts' Awards and Economic Success: Evidence from an Italian Literary Prize

Ponzo, Michela; Scoppa, Vincenzo - Institute for the Study of Labor (IZA) - 2015

) the jury votes received by each nominated book in the competition. We find that the Strega Prize has a very strong impact …

Persistent link: https://www.econbiz.de/10011167199

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

Employment Outcomes and the Interaction Between Product and Labor Market Deregulation: Are They Substitutes or Complements?

Fiori, Giuseppe; Nicoletti, Giuseppe; Scarpetta, Stefano; … - Institute for the Study of Labor (IZA) - 2007

This paper provides a systematic empirical investigation of the effect of product market liberalization on employment when there are interactions between policies and institutions in product and labor markets. Using panel data for OECD countries over the period 1980-2002, we present evidence...

Persistent link: https://www.econbiz.de/10005762118

Bonus Culture: Competitive Pay, Screening, and Multitasking

Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2013

This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …

Persistent link: https://www.econbiz.de/10010635587

Regulatory Barriers and Entry in Developing Economies

Bennett, John; Estrin, Saul - Institute for the Study of Labor (IZA) - 2006

We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to ‘excessive’ entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a...

Persistent link: https://www.econbiz.de/10005822475

A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler

Goolsbee, Austan D.; Krueger, Alan B. - Institute for the Study of Labor (IZA) - 2015

This paper takes a retrospective look at the U.S. government's effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S....

Persistent link: https://www.econbiz.de/10011196652

Private Education Market, Information on Test Scores and Tuition Practices

Firpo, Sergio; Ponczek, Vladimir; Possebom, Vítor Augusto - Institute for the Study of Labor (IZA) - 2014

In this paper, we study the impact of disclosing information about school quality of private schools in Brazil on school choice. Particularly, we investigate whether test score disclosure affected private schools' tuition prices. In 2006, Brazil started to announce the schools' average test...

Persistent link: https://www.econbiz.de/10010959832

Communication and Coordination in a Two-Stage Game

Bjedov, Tjaša; Madies, Thierry; Villeval, Marie Claire - Institute for the Study of Labor (IZA) - 2015

We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test experimentally whether individuals can avoid a head-to-head confrontation by means of coordinated strategies. In particular we analyze whether and how quickly a conflict-avoidance...

Persistent link: https://www.econbiz.de/10011214041

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