Similar Search Results

Ellison, Glenn - 2009

This paper develops search-theoretic models in which it is individually rational for firms to engage in obfuscation. It considers oligopoly competition between firms selling a homogeneous good to a population of rational consumers who incur search costs to learn each firm's price. Search costs...

Persistent link: https://www.econbiz.de/10012463412

Unhealthy Insurance Markets : Search Frictions and the Cost and Quality of Health Insurance

Cebul, Randall D. - 2008

We analyze the role of search frictions in the market for commercial health insurance. Frictions increase the cost of insurance by enabling insurers to set price above marginal cost, and by creating incentives for inefficiently high levels of marketing. Frictions also lead to price dispersion...

Persistent link: https://www.econbiz.de/10012464192

The Limited Influence of Unemployment on the Wage Bargain

Hall, Robert E. - 2005

When a job-seeker and an employer meet, find a prospective surplus, and bargain over the wage, conditions in the outside labor market, including especially unemployment, may be irrelevant. The job-seeker's threat point in the bargain is to delay bargaining, not to terminate bargaining and resume...

Persistent link: https://www.econbiz.de/10012467440

The Amplification of Unemployment Fluctuations through Self-Selection

Hall, Robert E. - 2005

Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers devote to evaluating applicants for jobs is a key factor in the magnitude of the frictions. Unemployment will be low if employers can review applicants cheaply. The cost of...

Persistent link: https://www.econbiz.de/10012467499

Search, Obfuscation, and Price Elasticities on the Internet

Ellison, Glenn - 2004

We examine the competition between a group of Internet retailers that operate in an environment where a price search engine plays a dominant role. We show that for some products in this environment, the easy price search makes demand tremendously price-sensitive. Retailers, though, engage in...

Persistent link: https://www.econbiz.de/10012468123

Mansion Tax : The Effect of Transfer Taxes on the Residential Real Estate Market

Kopczuk, Wojciech - 2014

explained by tax evasion (although supply-side quality adjustments may play a role). Above the notch, the volume of missing …

Persistent link: https://www.econbiz.de/10012458580

Search Frictions and Market Power in Negotiated Price Markets

Allen, Jason - 2014

This paper develops and estimates a search and bargaining model designed to measure the welfare loss associated with frictions in oligopoly markets with negotiated prices. We use the model to quantify the consumer surplus loss induced by the presence of search frictions in the Canadian mortgage...

Persistent link: https://www.econbiz.de/10012458769

Qualitative Information, Reputation, and Monopolistic Competition

Darby, Michael R. - 1975

Much recent research in the economics of information has analyzed the implications of alternative market structures in the presence of qualitative characteristics which cannot be accurately and objectively measured or described. This approach avoids the more basic question of the influence of...

Persistent link: https://www.econbiz.de/10012479031

Firms' Stakeholders and the Costs of Transparency

Almazan, Andres - 2007

information about a firm's quality) may improve the allocation of resources, a firm may have a higher ex ante value if information … about its quality is not prematurely generated. The costs associated with transparency arise because of asymmetric … information regarding the extent to which stakeholders benefit from having a relationship with a high quality firm. These costs …

Persistent link: https://www.econbiz.de/10012464992

Risk Sharing in Private Information Models with Asset Accumulation : Explaining the Excess Smoothness of Consumption

Attanasio, Orazio - 2007

We derive testable implications of model in which first best allocations are not achieved because of a moral hazard problem with hidden saving. We show that in this environment agents typically achieve more insurance than that obtained under autarchy via saving, and that consumption allocation...

Persistent link: https://www.econbiz.de/10012465662

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