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An Equilibrium Model of the African HIV/AIDS Epidemic
Greenwood, Jeremy - 2018
Twelve percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used a third of the time. To analyze the Malawian epidemic, a choice-theoretic general equilibrium search model is constructed. In the developed framework, people select...
Persistent link: https://www.econbiz.de/10012908690
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Network Externalities, Dominant Value Margins, and Equilibrium Uniqueness
Choi, Jay Pil; Stefanadis, Christodoulos - 2022
We examine tippy network markets that accommodate price discrimination. The analysis shows that when a mild equilibrium refinement, the monotonicity criterion, is adopted, network competition may have a unique subgame-perfect equilibrium regarding the winner’s identity; the prevailing brand...
Persistent link: https://www.econbiz.de/10013291317
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On Equilibrium in Monopolistic Competition with Endogenous Labor
Kushnir, Alexey - 2020
We consider a model of monopolistic competition with several heterogeneous sectors and endogenous labor supply. For low (high) values of the labor supply elasticity, we show that there is always a unique equilibrium. For medium values of the labor supply elasticity, the set of equilibria (if...
Persistent link: https://www.econbiz.de/10012830992
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Marriage and Divorce : The Role of Labor Market Institutions
Schulz, Bastian - 2020
Marriage and divorce decisions are influenced by the institutional environment they are made in. One example is the social insurance system, which acts as a substitute for within-household insurance against economic shocks. In this paper, we quantify the importance of household-level insurance...
Persistent link: https://www.econbiz.de/10012824595
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Slavery, Corruption, and Institutions
Rauscher, Michael - 2019
We develop a model where firms profit from coercing workers into employment under conditions violating national law and international conventions and where bureaucrats benefit from accepting bribes from detected perpetrators. Firms and bureaucrats are heterogeneous. Employers differ in their...
Persistent link: https://www.econbiz.de/10012859047
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A Congestion Theory of Unemployment Fluctuations
Mercan, Yusuf; Schoefer, Benjamin; Sedlacek, Petr - 2021
finding jobs expands. On net, unemployment rises only becauseeven more workers lose their jobs. We propose a theory of …
Persistent link: https://www.econbiz.de/10013314859
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Exporting and Offshoring with Monopsonistic Competition
Egger, Hartmut - 2019
We develop a model of international trade with a monopsonistically competitive labour market in which firms employ skilled labour for headquarter tasks and unskilled workers to conduct a continuum of production tasks. Firms can enter foreign markets through exporting and through offshoring, and...
Persistent link: https://www.econbiz.de/10012865164
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Housing Search Frictions : Evidence from Detailed Search Data and a Field Experiment
Bergman, Peter - 2020
This paper shows that imperfect information about school quality causes low-income families to live in neighborhoods with lower-performing, more segregated schools. We randomized the addition of school quality information onto a nationwide website of housing listings for families with housing...
Persistent link: https://www.econbiz.de/10012841926
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How Wage Announcements Affect Job Search - A Field Experiment
Belot, Michele - 2019
We study how job seekers respond to wage announcements by assigning wages randomly to pairs of otherwise similar vacancies in a large number of professions. High wage vacancies attract more interest, in contrast with much of the evidence based on observational data. Some applicants only show...
Persistent link: https://www.econbiz.de/10012892270
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Optimal Stopping in a Dynamic Salience Model
Dertwinkel-Kalt, Markus - 2020
stopping strategy. Guided by salience theory, we theoretically and experimentally analyze the implications of skewness …, and we verify that salience theory coherently explains skewness preferences revealed in static and dynamic decisions …. Based on these findings we conclude that the static salience model—unlike (static) cumulative prospect theory—can be …
Persistent link: https://www.econbiz.de/10012824830