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Wages and Employment in a Random Social Network with Arbitrary Degree Distribution
Ioannides, Yannis M.; Soetevent, Adriaan R. - Tinbergen Institute - 2006
otherwise identical workers result in wage inequality and differences in unemployment rates. The paper is related to theoretical … wage on average and face a lower unemployment rate. Numerical computations for the specific case in which connections …
Persistent link: https://www.econbiz.de/10005137278
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Entrepreneurship, Wage Employment and Control in an Occupational Choice Framework
Douhan, Robin; Praag, Mirjam van - Tinbergen Institute - 2009
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10004964455
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Lifetime Labor Supply in a Search Model of Unemployment
Bettendorf, Leon J.H.; Broer, D. Peter - Tinbergen Institute - 2003
This paper investigates the age-dependency of participation and unemployment by integrating job search with … that the age pattern of search unemployment does not match observed unemployment and we propose a new concept of 'voluntary …' unemployment that agrees well with observations. …
Persistent link: https://www.econbiz.de/10005137335
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Advertising and Consumer Search in a Duopoly Model
Janssen, Maarten C.W.; Non, Mariëlle C. - Tinbergen Institute - 2005
We consider a duopoly in a homogenous goods market where part of the consumers are ex ante uninformed about prices. Information can come through two different channels: advertising and sequential consumer search. We arrive at the following results. First, there is no monotone relationship...
Persistent link: https://www.econbiz.de/10005209440
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Going where the Ad leads you: On High Advertised Prices and Search where to buy
Janssen, Maarten C.W.; Non, Marielle C. - Tinbergen Institute - 2006
The search literature assumes that consumers know which firms sell products they are looking for, but are unaware of the particular variety and the prices at which each firm sells. In this paper, we consider the situation where consumers are uncertain whether a firm carries the product at all by...
Persistent link: https://www.econbiz.de/10005209475
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Nonparametric Estimation of the Costs of Non-Sequential Search
Moraga-González, José Luis; Sándor, Zsolt; … - Tinbergen Institute - 2008
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an equilibrium in mixed strategies always exists. We then examine the nonparametric identification and estimation of the costs of search. We find that the sequence of points on the...
Persistent link: https://www.econbiz.de/10005209478
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Strategic Wage Setting and Coordination Frictions with Multiple Applications
Gautier, Pieter A.; Moraga-González, José L. - Tinbergen Institute - 2004
where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers … apply for two or for more (but not for all) jobs always exhibits wage dispersion and, typically, unemployment; (iii) the … equilibrium wage distribution with a higher vacancy-to-unemployment ratio first-order stochastically dominates the wage …
Persistent link: https://www.econbiz.de/10005209482
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Pricing, Consumer Search and the Size of Internet Markets
Janssen, Maarten C.W.; Moraga, José Luis - Tinbergen Institute - 2000
Despite the mixed empirical evidence, many economists still hold to the view that Internet will promote competition between firms, thereby lowering prices and increasing economic welfare. This paper presents a search model that provides a different view. We analyze the market for a homogeneous...
Persistent link: https://www.econbiz.de/10005209494
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The Effects of Learning in Interactive Monetary Policy Committees
Berk, Jan Marc; Bierut, Beata K. - Tinbergen Institute - 2004
We develop a theoretical framework for studying the effects of interaction on the quaJity of decision-making by monetary policy committees. We show that interaction, i.e. increasing one's expertise through an exchange of views, is most likely not to result in interdependent voting...
Persistent link: https://www.econbiz.de/10005209499
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Advertising for Attention in a Consumer Search Model
Haan, Marco A.; Moraga-González, José Luis - Tinbergen Institute - 2009
We model the idea that when consumers search for products, they first visit the firm whose advertising is more salient. The gains a firm derives from being visited early increase in search costs, so equilibrium advertising increases as search costs rise. This may result in lower firm profits...
Persistent link: https://www.econbiz.de/10005016259