Showing 461 - 470 of 2,350
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …
Persistent link: https://www.econbiz.de/10008853867
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
favorable conditions for matching on the one hand, and for global collective decisions on the other hand. We establish …
Persistent link: https://www.econbiz.de/10010889986
This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are …. Search-matching externalities are amplified by the latter possibility and by the fact that some workers can simultaneously … receive a job offer from each region. The rest of the framework builds upon Moretti (2011). Increasing the matching …
Persistent link: https://www.econbiz.de/10011272629
Combining a spatial equilibrium model with a matching unemployment model, this paper analyzes the regional quality of …
Persistent link: https://www.econbiz.de/10010546957
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/10010757728
inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while …
Persistent link: https://www.econbiz.de/10005766013
model the principal-agent economy as a two-sided matching game and characterise the set of stable outcomes of this principal …-agent matching market. A simple mechanism to implement the set of stable outcomes is proposed. Finally, we put forward examples of …
Persistent link: https://www.econbiz.de/10005766124
This paper examines the effect of taxes on the individuals’ choices of educational direction, and thus on the economy’s skill composition. A proportional labour income tax induces too many workers with high innate ability to choose an educational type with high consumption value and low...
Persistent link: https://www.econbiz.de/10005766172
two-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Workers search for jobs …
Persistent link: https://www.econbiz.de/10005766198