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Limited attention as the scarce resource in an information-rich economy
Falkinger, Josef (contributor) - 2005
This paper uses basic empirical facts from attention and perception psychology for a behavioral approach to equilibrium analysis at the industry and the macroeconomic level. The paper endogenously determines whether an economy is information-rich and whether scarcity of attention complements...
Persistent link: https://www.econbiz.de/10002694130
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Egalitarianism under pressure : toward lower economic mobility in the knowledge economy?
Markussen, Simen; Røed, Knut - 2017
Based on complete population data, with the exact same definitions of family class background and economic outcomes for a large number of birth cohorts, we examine post‐war trends in intergenerational economic mobility in Norway. Despite only mild fluctuations in standard rank‐based summary...
Persistent link: https://www.econbiz.de/10011636666
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Between agora and shopping mall
Falkinger, Josef (contributor) - 2008
Advertisements provide consumers with knowledge about private products, whereas political information is required to provide voters with knowledge of public issues. Modern information technologies and globalization are increasing the exposure of individuals to information. Goods advertising is...
Persistent link: https://www.econbiz.de/10003719635
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Bobos in paradise : urban politics and the new economy
Saint-Paul, Gilles - 2015
This paper provides some elements to explain the observed takeover in some urban areas of a new kind of elite associated with new economy jobs, also known as "bourgeois bohème" (bobos). This takeover has been associated with greater investment in urban amenities and "clean" means of transport,...
Persistent link: https://www.econbiz.de/10011348302
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Hidden action, identification, and organization design
Schnedler, Wendelin - 2010
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...
Persistent link: https://www.econbiz.de/10009303451
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The determinants of the global digital divide : a cross-country analysis of computer and internet penetration
Chinn, Menzie David (contributor);  … - 2004 - [Elektronische Ressource]
To identify the determinants of cross-country disparities in personal computer and Internet penetration, we examine a panel of 161 countries over the 1999-2001 period. Our candidate variables include economic variables (income per capita, years of schooling, illiteracy, trade openness),...
Persistent link: https://www.econbiz.de/10002352517
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Management compensation and firm-level income inequality
Frederiksen, Anders (contributor);  … - 2008
management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a … general equilibrium model. Empirical estimation, of the model's key parameters show that the rising management premium is … rising management premium produces income distribution dynamics at the firm level which are similar to those observed at the …
Persistent link: https://www.econbiz.de/10003754931
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How do industries and firms respond to changes in local labor supply?
Dustmann, Christian; Glitz, Albrecht - 2011
In this paper, we investigate how changes in the skill mix of local labor supply are absorbed by the economy. We distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units that use the more abundant skill group more...
Persistent link: https://www.econbiz.de/10009524993
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Intra firm bargaining and shapley values
Bruegemann, Bjoern; Gautier, Pieter; Menzio, Guido - 2015
The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect Equilibrium of the extensive-form game proposed by Stole and Zwiebel (1996a) does not imply a profile of wages and profits that coincides with the Shapley values as claimed in...
Persistent link: https://www.econbiz.de/10011317659
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Heterogeneous firms, trade, and economic policy : insights from a simple two-sector model
Pflüger, Michael; Russek, Stephan - 2011
consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The …
Persistent link: https://www.econbiz.de/10009519889