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A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers …
Persistent link: https://www.econbiz.de/10010274755
all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a …
Persistent link: https://www.econbiz.de/10010277402
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner …
Persistent link: https://www.econbiz.de/10010274970
-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome undersupply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyse their effect …
Persistent link: https://www.econbiz.de/10010283595
We investigate the possibility that a decision-maker prefers to avoid making a decision and instead delegates it to an external device, e.g., a coin flip. In a series of experiments the participants often choose lotteries between allocations, which contradicts most theories of choice such as...
Persistent link: https://www.econbiz.de/10010352389
contribute, on average, 20% of the total merger value added. Moreover, we find that multimarket efficiency gains dominate …
Persistent link: https://www.econbiz.de/10011555581
welfare under incomplete contracting and endogenous matching. Contract incompleteness implies underinvestment. That …
Persistent link: https://www.econbiz.de/10011932077
We present supportive empirical evidence and a new theoretical explanation for the negative selection into planned return migration between similar regions in Germany. In our model costly temporary and permanent migration are used as imperfect signals to indicate workers’ high but otherwise...
Persistent link: https://www.econbiz.de/10011957204
In an overlapping generations model with two social classes, rich and poor, parents of the different social classes vote on two issues: redistributive policies for them and education investments for their kids. Public education is the engine for growth through its effect on human capital; but it...
Persistent link: https://www.econbiz.de/10010264081
employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non …
Persistent link: https://www.econbiz.de/10010264225