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Information Asymmetry, Education Signals and the Case of Ethnic and Native Germans
Hornig, Stephan O.; Rottmann, Horst; Wapler, Rüdiger - 2021
whether the signalling value differs between the migrants and non-migrants in the German labour market. Starting from the …
Persistent link: https://www.econbiz.de/10013316355
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Finance, Labour, Capital, and International Integration
Bertola, Giuseppe - 2016
Labour incomes depend on structural as well as politico-economic factors, because labour market policies partially remedy the financial market imperfections that make labour income shocks difficult to insure, and have different implications for labour and capital income. This paper illustrates...
Persistent link: https://www.econbiz.de/10012994277
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Who Should Pay for Certification?
Stahl, Konrad O.; Strausz, Roland - 2021
-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …
Persistent link: https://www.econbiz.de/10013316064
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Measuring Agents' Reaction to Private and Public Information in Games with Strategic Complementarities
Cornand, Camille; Heinemann, Frank - 2021
In games with strategic complementarities, public information about the state of the world has a larger impact on equilibrium actions than private information of the same precision, because the former is more informative about the likely behavior of others. This may lead to welfare-reducing...
Persistent link: https://www.econbiz.de/10013316251
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Signaling to Experts
Kurlat, Pablo D. - 2017
We study competitive equilibrium in a signaling economy with heterogeneously informed buyers. In terms of the classic … Spence (1973) model of job market signaling, firms have access to direct but imperfect information about worker types, in …. In equilibrium, some high type workers forgo signaling and are hired by better informed firms, who make positive profits …
Persistent link: https://www.econbiz.de/10012946849
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Asset Auctions, Information, and Liquidity
Vives, Xavier - 2021
A model is presented of a uniform price auction where bidders compete in demand schedules; the model allows for common and private values in the absence of exogenous noise. It is shown how private information yields more market power than the levels seen with full information. Results obtained...
Persistent link: https://www.econbiz.de/10013316270
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Wages and International Tax Competition
Krautheim, Sebastian - 2012
Rent-sharing between firm owners and workers is a robust empirical finding. If workers bargain with firms, information on the actual surplus is essential. When the firm can use profit shifting to create private information on the surplus, it can thereby reduce its wage bill. We study how rent...
Persistent link: https://www.econbiz.de/10013104179
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Signing Distortions in Optimal Tax and Other Adverse Selection Problems with Random Participation
Jacquet, Laurence - 2012
We develop a methodology to sign output distortions in the random participation framework. We apply our method to monopoly nonlinear pricing problem, to the regulatory monopoly problem and mainly to the optimal income tax problem. In the latter framework, individuals are heterogeneous across two...
Persistent link: https://www.econbiz.de/10013108085
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Information Transmission and Ownership Consolidation in Aid Programs
Dreher, Axel - 2013
example of a “delegation-scheme.” Conversely, project aid represents a more “centralized” type of aid. According to the theory …
Persistent link: https://www.econbiz.de/10013073609
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Information Transmission within Federal Fiscal Architectures : Theory and Evidence
Dreher, Axel - 2013
This paper explores the role of information transmission and misaligned interests across levels of government in explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal-agent framework, it analyzes two alternative...
Persistent link: https://www.econbiz.de/10013075612