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Heterogeneity, Stratification and Growth

Bénabou, Roland - C.E.P.R. Discussion Papers - 1993

particular when comparing local and national funding of education, which correspond to special cases of segregation and …

Persistent link: https://www.econbiz.de/10005666953

Education, Income Distribution, and Growth: The Local Connection

Bénabou, Roland - C.E.P.R. Discussion Papers - 1994

emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth … richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …

Persistent link: https://www.econbiz.de/10005661649

Screening, Cross-Border Banking and the Allocation of Credit

Gehrig, Thomas - C.E.P.R. Discussion Papers - 1998

We analyse competition among banks when banks can use creditworthiness tests that generate (imperfect) information about borrowers. When banks can strategically adjust the test characteristics by investing resources in the screening technology, we show that credit markets are not easily...

Persistent link: https://www.econbiz.de/10005124296

Loan Sales and Screening Incentives

Bester, Helmut; Gehrig, Thomas; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2012

We analyze the effect of loan sales on the intensity of costly screening. Loan sales strengthen screening incentives when screening primarily improves the bank’s ability to identify profitable loans and when banks retain most of those profitable loans. However, loan sales dampen screening...

Persistent link: https://www.econbiz.de/10011083726

Screening-Based Competition

Gehrig, Thomas; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2013

We apply a reduced form representation of product market competition, facilitating an explicit characterization of the equilibrium investments in consumer-specific screening. The effects of market structure on screening incentives depend on the microstructure of the imperfect screening...

Persistent link: https://www.econbiz.de/10011083825

Two at the Top: Quality Differentiation in Markets with Switching Costs

Gehrig, Thomas; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2005

We explore the effects of switching costs on the subgame perfect quality decisions of oligopolists with repeated price competition. We establish a strong strategic quality premium. We show that competition for the establishment of customer relationships will eliminate low-quality firms in period...

Persistent link: https://www.econbiz.de/10005666633

Information Sharing in Banking: A Collusive Device?

Gehrig, Thomas; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2001

We show that information sharing among banks may serve as a collusive device. An informational sharing agreement is an a-priori commitment to reduce informational asymmetries between banks in future lending. Hence, information sharing tends to increase the intensity of competition in future...

Persistent link: https://www.econbiz.de/10005667094

Market Dominance and Behaviour-Based Pricing under Horizontal and Vertical Differentiation

Gehrig, Thomas; Shy, Oz; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2007

We evaluate behaviour-based price discrimination from an antitrust perspective by focusing on an industry with inherited market dominance. Under horizontal differentiation behaviour-based pricing does not by itself lead to persistence of dominance unless the dominant firm is protected by...

Persistent link: https://www.econbiz.de/10005123558

Bonus Culture: Competitive Pay, Screening, and Multitasking

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2013

This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...

Persistent link: https://www.econbiz.de/10011083769

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...

Persistent link: https://www.econbiz.de/10011262883