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efficient mechanism to implement collusion among merchants and rulers, building on the natural complementarity between merchants …
Persistent link: https://www.econbiz.de/10004976786
This paper examines how networks of professional contacts contribute to the development of the careers of executives of European and US companies. We build a dynamic model of career progression in which career moves both depend upon existing networks and contribute to the development of future...
Persistent link: https://www.econbiz.de/10009359489
We study the influence of social networks on labour market transitions. We develop the first model where social ties and job status co-evolve through time. Our key assumption is that the probability of formation of a new tie is greater between two employed individuals than between an employed...
Persistent link: https://www.econbiz.de/10005792539
We examine a randomized trial that allows separate identification of peer screening and enforcement of credit contracts. A South African microlender offered half its clients a bonus for referring a friend who repaid a loan. For the remaining clients, the bonus was conditional on loan approval....
Persistent link: https://www.econbiz.de/10011083275
We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model relations are the links, and the value of the network lies in its ability to...
Persistent link: https://www.econbiz.de/10005114333
of theory with empirical evidence on gross job flows and on financial and labour market rents, we find that, cumulatively …
Persistent link: https://www.econbiz.de/10005666837
This Paper analyses the evolution of quantitative measures of employee rents in Europe during the nineties, using the … transitions. The results are largely negative; there is robust evidence of falling rents during that period only in Ireland. …
Persistent link: https://www.econbiz.de/10005788867
Product and labour market deregulation are fundamentally about reducing and redistributing rents, leading economic … central assumptions: Monopolistic competition in the goods market, which determines the size of rents, and bargaining in the … labour market, which determines the distribution of rents between workers and firms. We then think of product market …
Persistent link: https://www.econbiz.de/10005136620
house rents for native residents across U.S. states. Instrumental variables estimates reveal that the correlations are … compatible with a causal interpretation from immigration to wages and rents of natives. Separating the effects of immigrants on … natives of different schooling levels we find positive effects on the wages and rents of highly educated and small effects on …
Persistent link: https://www.econbiz.de/10005504457
protests have a role in restricting the ability of connected firms to capture excess rents. …
Persistent link: https://www.econbiz.de/10011083238