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Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service. We show …
Persistent link: https://www.econbiz.de/10011526728
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Information and racial exclusion
Lundberg, Shelly (contributor); Startz, Richard (contributor) - 2004 - [Elektronische Ressource]
This paper presents several economic models that explore the relationships between imperfect information, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical discrimination, from imperfect information about the return to transactions...
Persistent link: https://www.econbiz.de/10002485567
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Search and retirement under asymmetric information
Bi, Sheng; Langot, François - 2014
We consider a labor market where the competitive search equilibrium is inefficient due to asymmetrical information. At the time when firms commit to specific hiring costs, workers hold private information on their intention of entering into retirement before the termination of the contract. When...
Persistent link: https://www.econbiz.de/10010379224
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Information, intermediaries, and international migration
Bazzi, Samuel; Cameron, Lisa Ann; Schaner, Simone; … - 2021
Job seekers often face substantial information frictions related to potential job quality. This is especially true in international labor markets, where intermediaries match prospective migrants with employers abroad. We conducted a randomized trial in Indonesia to explore how information about...
Persistent link: https://www.econbiz.de/10012795404
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Informal search, bad search? : the effects of job search method on wages among rural migrants in urban China
Chen, Yuanyuan; Wang, Le; Zhang, Min - 2017
The use of informal job search method is prevalent in many countries. There is, however, no consensus in the literature on whether it actually matters for wages, and if it does, what are the underlying mechanisms. We empirically examine these issues specifically for rural migrants in urban...
Persistent link: https://www.econbiz.de/10011735917
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Competitive search with private information : can price signal quality?
Albrecht, James W.; Cai, Xiaoming; Gautier, Pieter; … - 2024
This paper considers competitive search equilibrium in a market for a good whose quality differs across sellers. Each seller knows the quality of the good that he or she is offering for sale, but buyers cannot observe quality directly. We thus have a "market for lemons" with competitive search...
Persistent link: https://www.econbiz.de/10015050844
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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011958679
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …
Persistent link: https://www.econbiz.de/10011401020
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The cyclical behaviour of employers' monopsony power and workers' wages
Hirsch, Boris; Jahn, Elke J.; Schnabel, Claus - 2013
unemployment rate. In line with theory, we find that firms possess more monopsony power during economic downturns, which shows to …
Persistent link: https://www.econbiz.de/10010222161
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Monopsony makes firms not only small but also unproductive : why East Germany has not converged
Bachmann, Ruediger; Bayer, Christian; Stüber, Heiko; … - 2022
When employers face a trade-off between growing large and paying low wages - that is, when they have monopsony power - some productive employers will decide to acquire fewer customers, forgo sales, and remain small. These decisions have adverse consequences for aggregate labor productivity....
Persistent link: https://www.econbiz.de/10013198922