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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
Field evidence suggests that people belonging to the same group often behave similarly, i.e., behaviour exhibits social interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design feature is that each subject simultaneously is a...
Persistent link: https://www.econbiz.de/10002482525
This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with … more groups within which they want to play the coordination game. In the theoretical part we show that a simple myopic best … reply dynamics under endogenous group formation leads to the payoff dominant outcome in both types of coordination games …
Persistent link: https://www.econbiz.de/10002881644
This paper examines the effects of upgrading product quality standards on product and professional labor-market equilibriums when both markets are regulated. The Japanese government revised the Building Standards Act in June 2007, requiring a stricter review process for admitting the plans of...
Persistent link: https://www.econbiz.de/10009755328
By relaxing the common efficiency wage assumption of exogenous shirking detection probabilities, we demonstrate how standards and efficiency wages are related. In a more general setting where the probability of detection depends upon the equilibrium effort level of non-shirkers, we show that the...
Persistent link: https://www.econbiz.de/10010488287
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 …
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