Similar Search Results

Gambling habits and probability judgements in a Bayesian task environment

Dickinson, David L.; Reid, Parker - 2023

information sources. Exploratory analysis, however, revealed interesting effects related to self-reported gambling frequency …-reported gambling frequency was stronger for females. Decision modeling found a decreased weight placed on new evidence (over base rate … frequency of gambling to worse performance in the critical probability assessment skills that should benefit gambling success (i …

Persistent link: https://www.econbiz.de/10014311967

Lotteries vs. all-pay auctions in fair and biased contests

Epstein, Gil S.; Mealem, Yosef; Nitsan, Shemuʾel - 2012

The form of contests for a single fixed prize can be determined by a designer who maximizes the contestants' efforts. This paper establishes that, under common knowledge of the two asymmetric contestants' prize valuations, a fair Tullock-type endogenously determined lottery is always superior to...

Persistent link: https://www.econbiz.de/10009675128

Buying lottery tickets for foreign workers: search cost externalities induced by H-1B policy

Sharma, Rishi R.; Sparber, Chad - 2020

The H-1B program allows firms in the United States to temporarily hire high-skilled foreign citizens. H-1B workers are highly concentrated among a small number of firms. We develop a theoretical model demonstrating that this phenomenon is an artifact of policy design: When the government...

Persistent link: https://www.econbiz.de/10012316916

Career lotto : labor supply in winner-take-all markets

Grove, Wayne A.; Jetter, Michael; Papps, Kerry L. - 2018

Are people prone to selecting occupations with highly skewed income distributions despite minuscule chances of success? Assembling a comprehensive pool of potential teenage entrants into professional tennis (a typical winner-take-all market), we construct objective measures of relative ability...

Persistent link: https://www.econbiz.de/10011955395

Labor market policy evaluation in equilibrium : some lessons of the job search and matching model

Cahuc, Pierre (contributor); … - 2008

We analyze the consequences of counseling provided to job seekers in a standard job search and matching model. It turns out that neglecting equilibrium effects induced by counseling can lead to wrong conclusions. In particular, counseling can increase steady state unemployment although counseled...

Persistent link: https://www.econbiz.de/10003755519

Do targeted hiring subsidies and profiling techniques reduce unemployment?

Jahn, Elke J. (contributor); Wagner, Thomas (contributor) - 2008

To reduce unemployment targeted hiring subsidies for long-term unemployed are often recommended. To explore their effect on employment and wages, we devise a model with two types of unemployed and two methods of search, a public employment service (PES) and random search. The eligibility of a...

Persistent link: https://www.econbiz.de/10003763137

On-the-job search and sorting

Gautier, Pieter (contributor); Teulings, Coen N. (contributor) - 2005

We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry of vacancies and on-the-job search. The decentralized economy with monopsonistic wage setting yields too many vacancies and hence too low unemployment compared to first best....

Persistent link: https://www.econbiz.de/10003155785

Oppositional identities and the labor market

Battu, Harminder (contributor); Mwale, MacDonald (contributor) - 2005

We develop a model in which non-white individuals are defined with respect to their social environment (family, friends, neighbors) and their attachments to their culture of origin (religion, language), and in which jobs are mainly found through social networks. We find that, depending on how...

Persistent link: https://www.econbiz.de/10003287631

Identification of search models with initial condition problems

Barlevy, Gadi (contributor); … - 2006

This paper extends previous work on the identification of search models in which observed worker productivity is imperfectly observed. In particular, it establishes that these models remain identified even when employment histories are left-censored (i.e. we do not get to follow workers from...

Persistent link: https://www.econbiz.de/10003304675

A search model of unemployment and inflation

Lehmann, Etienne (contributor) - 2006

In this paper, I introduce money in the standard labor-matching model (Mortensen and Pissarides 1999, Pissarides 2000). A double coincidence problem makes Fiat Money necessary as a medium of exchange. In the long-run, a rise in the rate of money growth leads to higher inflation and higher...

Persistent link: https://www.econbiz.de/10003344604

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