Similar Search Results

Awaya, Yu; Iwasaki, Kohei; Watanabe, Makoto - 2024

not created due to a hold-up problem. Monetary expansion increases buyers' money holdings, and then, dealers are willing …

Persistent link: https://www.econbiz.de/10014467370

The search for abatement technologies in the Alberta oil sands

Nimubona, Alain-Désiré; Chakravorty, Ujjayant; Leach, … - 2014

We develop a three-stage model of abatement technology search, adoption, and deployment. Using this model, which draws … on search theory tools more frequently used in labour and monetary economics, we compare market-based and command …-and-control pollution control instruments with respect to the incentives each provides for abatement technology search and adoption …

Persistent link: https://www.econbiz.de/10010349873

Beauty premium and marriage premium in search equilibrium : theory and empirical

Bonilla, Roberto; Kiraly, Francis; Wildman, John - 2015

We propose a theoretical explanation for the so-called "beauty premium". Our explanation is based entirely on search … interaction between frictional labour and marriage markets and establish the existence of a search equilibrium characterised by …

Persistent link: https://www.econbiz.de/10010491716

Structural adjustment and endogenous worker recall probabilities

Meland, Frode; Torsvik, Gaute - 2002

In this paper we investigate the incentives of unemployed workers to wait for a recall when recall probabilities are endogenously determined by the waiting decisions of others. Because of a positive externality that arises when workers seek new employment, an excessive number of workers choose...

Persistent link: https://www.econbiz.de/10011409750

Local search markets and external competition

Legros, Patrick; Stahl, Konrad - 2019

Increased competition tends to benefit all buyers with increasing product variety and decreasing prices. However, if local and external market channels compete for the same class of products, increased competition from the external market crowds out local variety. Under local monopoly, local...

Persistent link: https://www.econbiz.de/10012026420

Bao, Yongping; Danwitz, Ludwig; Dvorak, Fabian; … - 2022

Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks, such as product searches, portfolio choices, and human resource procurement. These tasks often involve a trade-off between exploration and exploitation, which can be highly...

Persistent link: https://www.econbiz.de/10013482224

Search frictions, competing mechanisms and optimal market segmentation

Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016

In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...

Persistent link: https://www.econbiz.de/10011481312

Optimal monetary policy when agents are learning

Molnár, Krisztina; Santoro, Sergio - 2010

We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show that this slight departure from rationality has important implications for policy design. The central bank faces a new intertemporal trade-off, not present under rational...

Persistent link: https://www.econbiz.de/10003974493

On the perils of stabilizing prices when agents are learning

Mele, Antonio; Molnár, Krisztina; Santoro, Sergio - 2015

We show that price level stabilization is not optimal in an economy where agents have incomplete knowledge about the policy implemented and try to learn it. A systematically more accommodative policy than what agents expect generates short term gains without triggering an abrupt loss of...

Persistent link: https://www.econbiz.de/10010474823

What matters in households' inflation expectations?

Andrade, Philippe; Gautier, Erwan; Mengus, Eric - 2021

We provide survey evidence on how households’ inflation expectations matter for their spending highlighting a behavioral distortion compared to the New Keynesian setup. A large share of households expects prices to remain stable instead of increasing. Such a belief is linked to individual...

Persistent link: https://www.econbiz.de/10012499658

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