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Holden, Steinar - 2013

This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal earnings at industry level. Based on a nonparametric statistical method, which allows for country and year specific variation in both the median...

Persistent link: https://www.econbiz.de/10012753919

Wage Rigidity, Institutions, and Inflation

Holden, Steinar; Wulfsberg, Fredrik - 2021

A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries. However, DNWR for individual workers may induce downward rigidity or "a floor" for the aggregate wage growth at positive or negative levels. Aggregate wage growth...

Persistent link: https://www.econbiz.de/10013316399

Wage Rigidity, Institutions, and Inflation

Holden, Steinar; Wulfsberg, Fredrik - CESifo - 2009

A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries. However, DNWR for individual workers may induce downward rigidity or “a floor” for the aggregate wage growth at positive or negative levels. Aggregate wage...

Persistent link: https://www.econbiz.de/10005094215

Interior matching equilibria in a public good economy : an aggregative game approach

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - In: Journal of public economics 95 (2011) 7/8, pp. 639-645

Persistent link: https://www.econbiz.de/10009270537

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard C.; Rübbelke, Dirk … - 2021

-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome under supply 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 analyze their effect …

Persistent link: https://www.econbiz.de/10013315882

Pareto Improvement through Unilateral Matching of Public Good Contributions: The Role of Commitment

Buchholz, Wolfgang; Cornes, Richard; Peters, Wolfgang; … - CESifo - 2014

When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the …

Persistent link: https://www.econbiz.de/10010877815

Existence and Warr Neutrality for Matching Equilibria in a Public Good Economy : An Aggregative Game Approach

Buchholz, Wolfgang - 2010

under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make … is a crucial determinant for the existence of interior matching equilibria. In addition, we explore which matching … optimal solutions through matching …

Persistent link: https://www.econbiz.de/10013149366

Matching as a Cure for Underprovision of Voluntary Public Good Supply: Analysis and an Example

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - CESifo - 2011

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/10008872210

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - CESifo - 2012

-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/10010559785