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Through panel estimates using OECD country-industry statistics, this paper aims to clarify the determinants of rent creation and the mechanisms of rent sharing, and the role of market regulations in these processes. The empirical analysis is carried out in two steps. The first explains the rent...
Persistent link: https://www.econbiz.de/10009534964
This paper investigates the relationship between the capital share in national income and personal income inequality over the long run. Using a new historical cross-country database on capital shares in 19 countries and data from the World Wealth and Income Database, we find strong long-run...
Persistent link: https://www.econbiz.de/10011408188
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test … sustain coordination over time and alleviate the inequality induced by the asymmetry of payoffs. Third, communication …
Persistent link: https://www.econbiz.de/10010502689
Pareto-superior outcomes in classic weak-link coordination games. We show that effects of cohesion are economically large …
Persistent link: https://www.econbiz.de/10011670948
We study the effect on coordination in a minimum-effort game of a leader's gender depending on whether the leader is …
Persistent link: https://www.econbiz.de/10011607378
and financial incentives affect productivity in tasks that require coordination among workers. We simulate assembly line … women. These findings can be explained by pro-social behavior of workers in socially connected teams. …
Persistent link: https://www.econbiz.de/10011859500
about how the coordination of hours among heterogenous coworkers affects pay, productivity and labor supply. In this paper … between wages, productivity and the degree of hours coordination - measured as the dispersion of hours - within firms. We then … coordination is associated with attenuated labor supply elasticity and spillovers on coworkers not directly affected by the tax …
Persistent link: https://www.econbiz.de/10011959958
In a Cournot-oligopoly with free but costly entry and business stealing, output per firm is too low and the number of … distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises. …
Persistent link: https://www.econbiz.de/10012015904
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others' trained employees and finally engage in imperfect product market...
Persistent link: https://www.econbiz.de/10011402873
adverse labor market conditions. Unlike existing coordination-friction economies with fixed search intensity, the model can … are small and that search intensity is sufficiently procyclical. -- Matching function ; coordination frictions …
Persistent link: https://www.econbiz.de/10003755951