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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

Global versus Local Competition

Legros, Patrick; Stahl, Konrad - C.E.P.R. Discussion Papers - 2002

We analyse the impact of increased outside opportunities brought to consumers by access to a global market on local market performance under monopoly versus oligopoly. If consumers have to choose once where to shop we show that under all forms of organizing the local market, increased...

Persistent link: https://www.econbiz.de/10005498025

Adverse Selection and Moral Hazard in Anonymous Markets

Klein, Tobias; Lambertz, Christian; Stahl, Konrad - C.E.P.R. Discussion Papers - 2013

We study the effects of improvements in eBay's rating mechanism on seller exit and continuing sellers' behavior. Following a large sample of sellers over time, we exploit the fact that the rating mechanism was changed to reduce strategic bias in buyer rating. That improvement did not lead to...

Persistent link: https://www.econbiz.de/10011084388

Last Minute Feedback

Klein, Tobias; Lambertz, Christian; Spagnolo, Giancarlo; … - C.E.P.R. Discussion Papers - 2006

Feedback mechanisms that allow partners to rate each other after a transaction are considered crucial for the success of anonymous internet trading platforms. We document an asymmetry in the feedback behaviour on eBay, propose an explanation based on the micro structure of the feedback mechanism...

Persistent link: https://www.econbiz.de/10005661442

Who Should Pay for Certification?

Stahl, Konrad; Strausz, Roland - C.E.P.R. Discussion Papers - 2011

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer --- the seller --- follows from a non--trivial analysis revealing a clear intuition. Buyer--induced certification acts as an inspection device, whence...

Persistent link: https://www.econbiz.de/10008854541

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

Labour Pooling in R&D Intensive Industries

Gerlach, Heiko A.; Rønde, Thomas; Stahl, Konrad - C.E.P.R. Discussion Papers - 2005

We investigate firms' incentives to locate in the same region to gain access to a large pool of skilled labour. Firms engage in risky R&D activities and thus create stochastic product and implied labour demand. Agglomeration in a cluster is more likely in situations where the innovation step is...

Persistent link: https://www.econbiz.de/10005067450

Market and Technical Risk in R&D

Gerlach, Heiko A.; Rønde, Thomas; Stahl, Konrad - C.E.P.R. Discussion Papers - 2002

We endogenize the market risk (at given technical risk) in firms’ R&D decisions by introducing stochastic R&D in the Hotelling model. It is shown that if the technical risk is sufficiently high, the market risk remains low even if firms pursue similar projects. This leads firms to focus on the...

Persistent link: https://www.econbiz.de/10005504272