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Mortgage indebtedness and household financial distress
Georgarakos, Dimitris; Lojschova, Adriana; … - 2009
part of this asymmetry to cross-country differences in the expansion of credit markets, which facilitate differential … therefore tends to diminish in more expanded credit markets and this process can be reinforced by reference to other households … in a growing pool of debt holders. -- Mortgage debt ; credit markets ; financial distress ; household finance ; peer …
Persistent link: https://www.econbiz.de/10003926442
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Wage determination and imperfect competition
Booth, Alison L. - 2014
A striking feature of the past few decades has been the development of wage-determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...
Persistent link: https://www.econbiz.de/10010257588
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The design of insurance coverage for medical products under imperfect competition
Bardey, David; Cremer, Helmuth; Lozachmeur, Jean-Marie - 2015
This paper studies the design of health insurance with ex post moral hazard, when there is imperfect competition in the market for the medical product. Various scenarios, such as monopoly pricing, price negotiation or horizontal differentiation are considered. The insurance contract specifies...
Persistent link: https://www.econbiz.de/10010473189
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Market distortions and local indeterminacy : a general approach
Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - 2011
We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations. Most of the specific market imperfections considered in the related literature are particular cases of our framework. Comparing them we obtain several equivalence results in terms...
Persistent link: https://www.econbiz.de/10009235089
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How does imperfect competition in the labor market affect unemployment policies?
Wauthy, Xavier Yves; Zenou, Yves - 2001
We consider a continuum of workers ranked according to their abilities to acquire education and two firms with different technologies that imperfectly compete in wages to attract these workers. Once employed, each worker bears an education cost proportional to his/her initial ability, this cost...
Persistent link: https://www.econbiz.de/10011403206
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European integration and employment : a new role for active policies?
Gatti, Donatella - 2002
This paper theoretically investigates the impact of European integration on employment by developing a new-keynesian model where fiscal policy effectively reduces firms' market power. Stronger product market competition is shown to reduce the marginal ability of governments to improve employment...
Persistent link: https://www.econbiz.de/10011411427
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Managerial job assignment and imperfect competition in asymmetric equilibrium
Grossmann, Volker (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001743823
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How opportunity costs decrease the probability of war in an incomplete information game
Polachek, Solomon W. (contributor); Xiang, Jun (contributor) - 2008
This paper shows that the opportunity costs resulting from economic interdependence decrease the equilibrium probability of war in an incomplete information game. This result is strongly consistent with existing empirical analyses of the inverse trade-conflict relationship, but is the opposite...
Persistent link: https://www.econbiz.de/10003784394
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Can workers' expectations account for the persistence of discrimination?
Filippin, Antonio - 2009
The paper explains how workers' expectations of being discriminated against can be self-confirming, accounting for the persistence of unequal outcomes in the labour market even beyond the causes that originally generated them. The theoretical framework used is a two-stage game of incomplete...
Persistent link: https://www.econbiz.de/10003904618
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Competition, hidden information and efficiency : an experiment
Cabrales, Antonio (contributor); Charness, Gary (contributor) - 2006
"We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in...
Persistent link: https://www.econbiz.de/10003373398