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Background: General Practitioners have limited means to compete. As quality is hard to observe by patients, GPs have … incentives to signal quality by using instruments patients perceive as quality.<br/>Objectives: We investigate whether GPs … no monetary benefit in doing so, this type of (perceived) quality competition originates from GPs satisfying patients …
Persistent link: https://www.econbiz.de/10011144447
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In this paper, a worker's productivity is assumed to depend on his own quality and on the average quality of other … workers in the same country. The external effects associated with worker quality give rise to increasing returns to average … worker quality. As a result, free migration generally reduces world output. Within each country, social benefits that induce …
Persistent link: https://www.econbiz.de/10011091432
In this paper, a worker s productivity is assumed to depend on his own quality and on the average quality of other … employed workers.In this setting, unemployment benefits that induce low quality workers to leave the labor force have important … relatively high unem-ployment benefits may be favored by a coalition of the unemployed and of high quality employed workers. …
Persistent link: https://www.econbiz.de/10011092211
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In rational, efficiently functioning and complete markets, returns on derivative and underlying securities should be perfectly contemporaneously correlated.Due to market imperfections, one of these markets may reflect information faster.The use of high-frequency data and the choice for a small...
Persistent link: https://www.econbiz.de/10011092782
This paper shows that cost allocation can endogenously arise as a coordination mechanism in a decentralized firm.This result is derived in a setting with multiple (internally supplied) resources shared by multiple users, which constitutes a departure from previous literature.While standard cost...
Persistent link: https://www.econbiz.de/10011092918
Factory Gate Pricing (FGP) is a relatively new phenomenon in retail distribution.Under FGP, products are no longer …
Persistent link: https://www.econbiz.de/10011096212
A recent string of theoretical papers highlights the importance of geographical distance in explaining pricing and …
Persistent link: https://www.econbiz.de/10011090398