Showing 1 - 10 of 39
This paper estimates the relationship between the choice of website and the characteristics of the individual making this choice. What explain consumer website choice and is this consumer loyal to the same website? This paper approaches this question by modelling individual’s website...
Persistent link: https://www.econbiz.de/10005342983
This paper describes a way of recording information on discrete states by means of a technique called key transformation. This involves recognising that, where N discrete states of a variable are observed T groups or periods, any particular combination of states and periods can be uniquely...
Persistent link: https://www.econbiz.de/10005537542
This paper tries to assess which kind of real rigidities can enhance our understanding of inflation and labor market dynamics in a dynamic general equilibrium model with capital and labor market frictions and nominal price rigidities. We particularly introduce real wage rigidities through...
Persistent link: https://www.econbiz.de/10005342898
Above market clearing wages are shown to prevail as an outcome of a game in which employers possess and employees lack the ability to coordinate. It is established in a monopolistically competitive framework that it may be optimal for individual firms to coordinate and restrict entry of indirect...
Persistent link: https://www.econbiz.de/10005342907
This paper shows that the standard Mortensen-Pissarides framework embedded in a RBC macroeconomic model with risk averse agents, capital and a labor-leisure choice has the ability to match all moments of the ac- tual US-unemployment rate and other labor market variables within tight bounds when...
Persistent link: https://www.econbiz.de/10005342913
This paper studies the cyclical properties the standard Mortensen-Pissarides model of labor search and matching embedded in the real business cycles model with capital, risk-averse agents, and lack of private insurance against unemployment risk. The model enables a direct comparison between the...
Persistent link: https://www.econbiz.de/10005342947
A number of studies have documented a reduction in aggregate macroeconomic volatility beginning in the early 1980s. Using an empirical model of business cycles, we extend this line of research to state-level employment data, find significant heterogeneity in the timing and magnitude of the...
Persistent link: https://www.econbiz.de/10005342964
Theory implies that employment protection will unambiguously decrease job flows. However, cross-country comparisons of annual rates of job reallocation seem to show that employment protection has no discernible effect on job flows. This paper presents a model that shows that employment...
Persistent link: https://www.econbiz.de/10005343062
Persistent link: https://www.econbiz.de/10005345431
Persistent link: https://www.econbiz.de/10005345480