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Comments on the 2023 draft merger guidelines : a labor market perspective

Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - 2023

The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines …) Explicitly addressing monopsony in the draft guidelines is grounded in economic theory and empirical research. (2) Workers …

Persistent link: https://www.econbiz.de/10014335050

Economic surplus and derived demand

Schlicht, Ekkehart (contributor) - 2006

Most demand -- especially labor demand -- is derived from the demand for some other product. This note demonstrates that the usual analysis of economic rent, as typically explained for the case of consumers' surplus, carries over to the case of derived demand. -- derived demand ; indirect demand...

Persistent link: https://www.econbiz.de/10003333109

Brain gain : claims about its size and impact on welfare and growth are greatly exaggerated

Schiff, Maurice W. (contributor) - 2005

Based on static partial equilibrium analysis, the "new brain drain" literature argues that, by raising the return to education, a brain drain generates a brain gain that is, under certain conditions, larger than the brain drain itself, and that such a net brain gain results in an increase in...

Persistent link: https://www.econbiz.de/10002815345

Marriage, cohabitation and commitment

Iyigun, Murat - 2009

This paper combines partner matching with an intra-household allocation model where couples decide if they want to marry or cohabitate. Marriage encourages but does not ensure a higher level of spousal commitment, which in turn can generate a larger marital surplus. Individuals' marital...

Persistent link: https://www.econbiz.de/10003879375

The economic costs of child maltreatment in UK

Conti, Gabriella; Pizzo, Elena; Morris, Stephen; … - 2021

Child maltreatment is a major public health problem with significant consequences for individual victims and for society. In this paper we quantify for the first time the economic costs of fatal and non-fatal child maltreatment in the UK in relation to several short-, medium- and long-term...

Persistent link: https://www.econbiz.de/10012600968

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

Allocating subsidies for private investments to maximize jobs impacts

Robalino Aguirre, David A.; Romero, Jose Manuel; Walker, Ian - 2020

Governments often aim to influence the amount and sectoral allocation of private investments through explicit or implicit subsidies. The rules used to select projects to benefit from subsidies may vary, depending on the policy objective. This paper develops a general framework to allocate...

Persistent link: https://www.econbiz.de/10012239109

Turning relative deprivation into a performance incentive device

Stark, Oded; Kosiorowski, Grzegorz - 2021

The inclination of individuals to improve their performance when it lags behind that of others with whom they naturally compare themselves can be harnessed to optimize the individuals' effort in work and study. In a given set of individuals, we characterize each individual by his relative...

Persistent link: https://www.econbiz.de/10012419100

Static and dynamic inefficiencies in an optimizing model of epidemics

Garibaldi, Pietro; Moen, Espen R.; Pissaridēs, … - 2020

In an optimizing model of epidemics several externalities arise when agents shield to avoid infection. Optimizing behaviour delays herd immunity but also reduces overall infections to approximately the minimum consistent with herd immunity. For reasonable parameter values, and with no vaccine,...

Persistent link: https://www.econbiz.de/10012313869

A Pigouvian approach to congestion in matching markets

He, Yinghua; Magnac, Thierry - 2018

Recruiting agents, or "programs" costly screen “applicants” in matching processes, and congestion in a market increases with the number of applicants to be screened. To combat this externality that applicants impose on programs, application costs can be used as a Pigouvian tax. Higher costs...

Persistent link: https://www.econbiz.de/10011950544

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