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Minimum Quality Regulations and the Demand for Child Care Labor
Ali, Umair; Herbst, Chris M.; Makridis, Christos - 2022
Minimum quality regulations are often justified in the child care market because of the presence of information frictions between parents and providers. However, regulations can also have unintended consequences for the quantity and quality of services provided. In this paper, we merge new data...
Persistent link: https://www.econbiz.de/10014087466
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Quality and Price Setting of High-Tech Goods
Gorodnichenko, Yuriy; Talavera, Oleksandr; Vu, Nam - 2021
This paper investigates the link between product quality and price setting for central processing units (CPUs). Using thousands of price quotes from a popular price-comparison website, we find that market fundamentals, such as the number of sellers, median price, share of convenient prices and...
Persistent link: https://www.econbiz.de/10013250249
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Policies to Promote Growth and Economic Efficiency in Mexico
Arias, Javier - 2010
heavy burden of monopoly and regulation. We find little evidence that the introduction of social protection programs for …This paper discusses the problems facing the Mexican economy. It operates under a heavy burden of monopoly and … regulation. We focus on two issues that should receive more attention in discussions of Mexican policy. (1) The family is under …
Persistent link: https://www.econbiz.de/10013148068
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Add-On Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10013118774
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The Dynamics of Power in Labor Markets : Monopolistic Unions Versus Monopsonistic Employers
Dodini, Samuel; Salvanes, Kjell G.; Willén, Alexander - 2022
This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous...
Persistent link: https://www.econbiz.de/10014243910
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Incidence of Strict Quality Standards : Protection of Consumers or Windfall for Professionals?
Kawaguchi, Daiji - 2013
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/10013080137
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Safeguarding Consumers Through Minimum Quality Standards : Milk Inspections and Urban Mortality, 1880-1910
Anderson, D. Mark; Charles, Kerwin Kofi; McKelligott, … - 2022
We examine the effect of enforcing minimum quality standards (MQSs) on consumer health. In the late 1800s, the urban milk supply was regularly skimmed and diluted with water, but consumers could not easily determine its quality because dyes, caramel, and salt were added. To protect consumers,...
Persistent link: https://www.econbiz.de/10014083688
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Competing with Asking Prices
Lester, Benjamin R. - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10013087422
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The Price of Polarization : Estimating Task Prices Under Routine-Biased Technical Change
Böhm, Michael J. - 2017
The debate about the impact of routine-biased technical change on wages revolves around the question whether occupational or overall wage distributions polarized. This paper instead argues that routine task prices should decline compared to abstract and manual task prices. I propose a new...
Persistent link: https://www.econbiz.de/10012940837
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Product Market Regulation, Firm Size, Unemployment and Informality in Developing Economies
Charlot, Olivier - 2011
values. Both formal and informal firms have monopoly power in the goods market, they are subject to matching friction in the … formal sector wage premium. The opposite is true for labor market regulation. Finally, we show that the so-called overhiring …
Persistent link: https://www.econbiz.de/10013129903