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Delegating recruitment under asymmetric information

Sengupta, Sarbajit - 2002

Recruitment is often delegated to senior employees. Delegated recruitment, however, is vulnerable to moral hazard … relates to the candidates type . Delegation is then superior to direct (owner) recruitment and offering tenure or guaranteed … seniority to the senior employee is neither always desirable for the owner nor necessary to ensure good recruitment. If there is …

Persistent link: https://www.econbiz.de/10011514022

Why Bitcoin and Ethereum differ in transaction costs : a theory of blockchain fee policies

Ndiaye, Abdoulaye - 2024

Blockchains, the technology underlying cryptocurrencies, face large fluctuations in user demand and marginal costs. These fluctuations make effective fee policies necessary to manage transaction service allocation. This paper models the conflict between the blockchain designer and validators...

Persistent link: https://www.econbiz.de/10015046289

Term length and the quality of appointments

Glazer, Amihai; Kanniainen, Vesa - 2000

Consider a principal who appoints an agent. Let the agent potentially serve for a sufficiently long time that one principal is replaced by another over this period. Suppose also that the quality of the agent appointed increases with the effort the incumbent principal devotes to hiring. Then the...

Persistent link: https://www.econbiz.de/10009786719

Optimal fiscal policy with labor selection

Chugh, Sanjay K.; Lechthaler, Wolfgang; Merkl, Christian - 2018 - This Draft: June 11, 2018

This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...

Persistent link: https://www.econbiz.de/10011864654

Skills, signals, and employability : an experimental investigation

Piopiunik, Marc; Schwerdt, Guido; Simon, Lisa; … - 2018

As skills of labor-market entrants are usually not directly observed by employers, individuals acquire skill signals. To study which signals are valued by employers, we simultaneously and independently randomize a broad range of skill signals on pairs of resumes of fictitious applicants among...

Persistent link: https://www.econbiz.de/10011789115

Hiring through referrals in a labor market with adverse selection

Dariel, Aurelie; Riedl, Arno; Siegenthaler, Simon - 2019

Information asymmetries can prevent markets from operating efficiently. An important example is the labor market, where employers face uncertainty about the productivity of job candidates. We examine theoretically and with laboratory experiments three key questions related to hiring via...

Persistent link: https://www.econbiz.de/10011997078

Trade costs, market access and economic geography : why the empirical specification of trade costs matters

Bosker, Maarten (contributor); Garretsen, Harry (contributor) - 2007

Persistent link: https://www.econbiz.de/10003597976

The firm as a pool of factor complementarities

Lindbeck, Assar; Snower, Dennis J. - 2003

Persistent link: https://www.econbiz.de/10009763532

The determinants of trade costs : a random coefficients approach

Egger, Peter; Průša, Jan - 2014

This paper assesses whether the sensitivity of bilateral trade volumes to various trade cost factors is constant or varies across countries. It utilizes a random coeffcients model and analyses a cross-sectional sample of bilateral trade data for 96 countries in 2005. We expect the elasticity of...

Persistent link: https://www.econbiz.de/10010371278

Merger policy in a quantitative model of international trade

Breinlich, Holger; Nocke, Volker; Schutz, Nicolas - 2016

In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. Calibrating the model...

Persistent link: https://www.econbiz.de/10011481156

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