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Moen, Espen R; Rosén, Åsa - C.E.P.R. Discussion Papers - 2004

from worker self-selection may not be matched by a corresponding social gain. In particular, the equilibrium incentive to …

Persistent link: https://www.econbiz.de/10005123693

Long Term Impacts of Compensatory Preschool on Health and Behavior: Evidence from Head Start

Carneiro, Pedro; Ginja, Rita - C.E.P.R. Discussion Papers - 2012

This paper provides new estimates of the medium and long-term impacts of Head Start on the health and behavioral … neighboring a single discontinuity). Participation in the program reduces the incidence of behavioral problems, serious health …

Persistent link: https://www.econbiz.de/10011084092

Partial Insurance and Investments in Children

Carneiro, Pedro; Ginja, Rita - C.E.P.R. Discussion Papers - 2015

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

Persistent link: https://www.econbiz.de/10011266538

Facilitating Consumer Learning in Insurance Markets—What Are the Welfare Effects?

Lagerlöf, Johan N. M.; Schottmüller, Christoph - C.E.P.R. Discussion Papers - 2013

What are the welfare effects of a policy that facilitates for insurance customers to privately and covertly learn about … their accident risks? We endogenize the information structure in Stiglitz's classic monopoly insurance model. We first show …

Persistent link: https://www.econbiz.de/10011083449

Monopoly Insurance with Endogenous Information

Lagerlöf, Johan N. M.; Schottmüller, Christoph - C.E.P.R. Discussion Papers - 2013

We study a monopoly insurance model with endogenous information acquisition. Through a continuous effort choice …

Persistent link: https://www.econbiz.de/10011084544

Equilibrium Incentive Contracts

Moen, Espen R; Rosén, Åsa - C.E.P.R. Discussion Papers - 2003

We study a labour market in which firms can observe workers’ output but not their effort, and in which a worker’s productivity in a given firm depends on a worker-firm specific component, unobservable for the firm. Firms offer wage contracts that optimally trade off effort and wage costs. As...

Persistent link: https://www.econbiz.de/10005791700

Competition with Local Network Externalities

Fjeldstad, Øystein; Moen, Espen R; Riis, Christian - C.E.P.R. Discussion Papers - 2010

Local network externalities are present when the utility of buying from a firm not only depends on the number of other customers (global network externalities), but also on their identity and/or characteristics. We explore the consequences of local network externalities within a framework where...

Persistent link: https://www.econbiz.de/10008530382

Efficiency-Enhancing Signalling in the Samaritan's Dilemma

Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2003

Suppose an altruistic person - A - is willing to transfer resources to a second person - B - if B comes upon hard times. If B anticipates that A will act in this manner, B will save too little from both agents’ point of view. This is the Samaritan’s dilemma. The logic of the dilemma has been...

Persistent link: https://www.econbiz.de/10005497793

Efficient Exclusion

Moen, Espen R; Riis, Christian - C.E.P.R. Discussion Papers - 2005

In an important paper, Aghion and Bolton (1987) argue that a buyer and a seller may agree on high liquidation damages in order to extract rents from future suppliers. As this may distort future trade, it may be socially wasteful. We argue that Aghion and Bolton's analysis is incomplete in some...

Persistent link: https://www.econbiz.de/10005497799

Productivity Spillovers Through Labor Mobility

Heggedal, Tom-Reiel; Moen, Espen R; Preugschat, Edgar - C.E.P.R. Discussion Papers - 2014

Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an explicit model of spillovers through labor flows in a framework with search frictions. Firms can choose to innovate or to imitate by hiring a worker from a firm that has already...

Persistent link: https://www.econbiz.de/10011171780