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Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2013
and allocations. -- asking prices ; competing mechanism design ; auctions with entry ; competitive search …
Persistent link: https://www.econbiz.de/10009696885
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Survey of models on demand, customer base-line and demand response and their relationships in the power market
Heshmati, Almas - 2012
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...
Persistent link: https://www.econbiz.de/10009548648
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Worker self-selection and the profits from cooperation
Kosfeld, Michael (contributor);  … - 2008
We investigate a competitive labor market with team production. Workers differ in their motivation to exert team effort and types are private information. We show that there can exist a separating equilibrium in which workers self-select into different firms and firms employing cooperative...
Persistent link: https://www.econbiz.de/10003784391
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Negative externalities and equilibrium existence in competitive markets with adverse selection
Siemens, Ferdinand von; Kosfeld, Michael - 2009
on existing theories of competition in markets with adverse selection. -- Asymmetric information ; competition ; adverse …
Persistent link: https://www.econbiz.de/10003831629
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The economics of credence goods : on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to … ; competition …
Persistent link: https://www.econbiz.de/10003814341
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard - the tendency of the supply...
Persistent link: https://www.econbiz.de/10010207314
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A bitter medicine? : short-term employment impact of deregulation in network industries
Bassanini, Andrea - 2015
-organise and reduce prices in an attempt to deter entry of new competitors. Using data for three broadly-defined network industries … the much larger employment share of small incumbents, with no margins of efficiency improvement, in retail than in network … industries (as well as many other industries). Evidence on the immediate effect of removing entry barriers on industry prices and …
Persistent link: https://www.econbiz.de/10011295517
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Task difficulty, performance measure characteristics, and the trade-off between insurance and well-allocated effort
Schnedler, Wendelin (contributor) - 2006
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...
Persistent link: https://www.econbiz.de/10003323166
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International migration, imperfect information, and brain drain
Dequiedt, Vianney; Zenou, Yves - 2011
We consider a model of international migration where skills of workers are imperfectly observed by firms in the host country and where information asymmetries are more severe for immigrants than for natives. There are two stages. In the first one, workers in the South decide whether to move and...
Persistent link: https://www.econbiz.de/10009309617
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Optimal wage redistribution in the presence of adverse selection in the labor market
Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2015
In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...
Persistent link: https://www.econbiz.de/10011289068