Showing 1 - 10 of 3,389
This paper analyses the effects of disease and war on the accumulation of human and physical capital. We employ an overlapping-generations frame-work in which young adults, confronted with such hazards and motivated by old-age provision and altruism, make decisions about investments in schooling...
Persistent link: https://www.econbiz.de/10012861271
Persistent link: https://www.econbiz.de/10012197260
contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and …
Persistent link: https://www.econbiz.de/10012868004
Persistent link: https://www.econbiz.de/10003760784
We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem - when a foreign firm sinks an investment to provide infrastructure services. We focus on the structure of the economy's bureaucracy, which can be centralized or decentralized,...
Persistent link: https://www.econbiz.de/10012778446
Persistent link: https://www.econbiz.de/10012416047
Persistent link: https://www.econbiz.de/10011845903
Persistent link: https://www.econbiz.de/10009504489
Persistent link: https://www.econbiz.de/10001438532
theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual wage … bargaining. Product market competition affects unemployment by two channels: the output expansion effect and a countervailing … effect due to a hiring externality. Competition is then linked to barriers to entry. We calibrate the model to US data and …
Persistent link: https://www.econbiz.de/10012782768