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Sorting versus screening: search frictions and competing mechanisms

Eeckhout, Jan; Kircher, Philipp - London School of Economics (LSE) - 2010

visit the same sellers who screen ex-post through auctions. …

Persistent link: https://www.econbiz.de/10010745309

Cornelli, Francesca; Felli, Leonardo - London School of Economics (LSE) - 2010

The restructuring of a bankrupt company often entails the sale of such company. This paper suggests a way to sell the company that maximizes the creditors’ proceeds. The key to this proposal is the option left to the creditors to retain a fraction of the shares of the company. Indeed, by...

Persistent link: https://www.econbiz.de/10011071365

Quantile regression in lower bound estimation

Giorgetti, Maria Letizia - London School of Economics (LSE) - 2001

In this paper, I illustrate the additional information that can be prodivided in estimating the lower bound (Sutton 1991, 1998) by using quantile regression. Quantile regression allows us to invesigate the influence of outliers. Previous lower bound have been performed using the simplex method....

Persistent link: https://www.econbiz.de/10010928688

Union density and varieties of coverage: the anatomy of union wage effects in Germany

Fitzenberger, Bernd; Kohn, Karsten; Lembcke, Alexander - London School of Economics (LSE) - 2008

Collective bargaining in Germany takes place either at the industry level or at the firm level; collective bargaining coverage is much higher than union density; and not all employees in a covered firm are necessarily covered. This institutional setup suggests to distinguish explicitly union...

Persistent link: https://www.econbiz.de/10010928810

Skills and Wage Inequality in Greece: Evidence from Matched Employer-Employee Data, 1995-2002

Christopoulou, Rebekka; Kosma, Theodora - London School of Economics (LSE) - 2009

This paper examines changes in the Greek wage distribution over 1995-2002 and the role of skill in these changes. The methodology adopted is the Machado-Mata counterfactual decomposition, which separates the part of wage changes that is due to job and workers' characteristics (composition...

Persistent link: https://www.econbiz.de/10005016301

Skills and wage inequality in Greece: evidence from matched employer-employee data, 1995-2002

Christopoulou, Rebekka; Kosma, Theodora - London School of Economics (LSE) - 2009

Persistent link: https://www.econbiz.de/10010745541

Private investment and political uncertainty

Stasavage, David - London School of Economics (LSE) - 2000

Recent theoretical and empirical work has demonstrated a clear negative link between macroeconomic and political uncertainty and levels of private investment across countries. This result raises the question what institutions might help reduce this uncertainty, in particular by allowing host...

Persistent link: https://www.econbiz.de/10010745744

Auctioning conservation contracts in the presence of externalities

Calel, Raphael - London School of Economics (LSE) - 2010

Current models of conservation auctions do not permit for the presence of environmental externalities and synergies … between bidders. Yet, conservation auctions are usually set up for the very purpose of addressing problems associated with … inefficiency in these auctions. Our paper shows how externalities between bidders can be incorporated into our models of …

Persistent link: https://www.econbiz.de/10010745522

Combination bidding in multi-unit auctions

Cantillon, Estelle; Pesendorfer, Martin - London School of Economics (LSE) - 2013

by the auctions of bus routes held in London where bidders submit bids on combinations of routes as well as on individual …

Persistent link: https://www.econbiz.de/10010746352

Digit ratio (2D:4D) and altruism: evidence from a large, multi-ethnic sample

Galizzi, Matteo M.; Nieboer, Jeroen - London School of Economics (LSE) - 2015

We look at the links between the Digit Ratio - the ratio of the length of the index finger to the length of the ring finger – for both right and left hands, and giving in a Dictator Game. Unlike previous studies with exclusively Caucasian subjects, we recruited a large, ethnically diverse...

Persistent link: https://www.econbiz.de/10011171763