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Gautier, Pieter A. - 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/10012984835

Search and Retirement Under Asymmetric Information

Bi, Sheng - 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/10013051435

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

Incentives Can Reduce Bias in Online Reviews

Marinescu, Ioana Elena - 2018

Online reviews are a powerful means of propagating the reputations of products, services, and even employers. However, existing research suggests that online reviews often suffer from selection bias – people with extreme opinions are more motivated to share them than people with moderate...

Persistent link: https://www.econbiz.de/10012925503

Consumer Search Costs and Preferences on the Internet

Jolivet, Grégory - 2014

We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price dispersion among adverts for the same product. We also show...

Persistent link: https://www.econbiz.de/10013043670

Asymmetric Information in the Labor Market, Immigrants and Contract Menu

Kar, Saibal - 2011

Immigrant workers and their labor force participation in host countries have received critical attention in all concerned disciplines, principally owing to its strong implications for well-being of natives. The aging population in many rich countries and several related and unrelated issues...

Persistent link: https://www.econbiz.de/10013129911

Asymmetric Information between Employers

Kahn, Lisa B. - 2013

Employer learning about workers' abilities plays a key role in determining how workers sort into jobs and are compensated. This study explores whether learning is symmetric or asymmetric, i.e., whether potential employers have the same information about worker ability as the incumbent firm. I...

Persistent link: https://www.econbiz.de/10013087866

Layoff Costs and Efficiency with Asymmetric Information

Delacroix, Alain - 2009

Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and layoff taxes can improve efficiency. We show that inefficient separations can even be fully removed with fixed separation taxes in the case where the relevant private information is...

Persistent link: https://www.econbiz.de/10013154993

Employment Fluctuations with Downward Wage Rigidity : The Role of Moral Hazard

Costain, James S. - 2009

This paper studies the cyclical dynamics of Mortensen and Pissarides' (1994) model of job creation and destruction when workers' effort is not perfectly observable, as in Shapiro and Stiglitz (1984). An occasionally-binding no-shirking constraint truncates the real wage distribution from below,...

Persistent link: https://www.econbiz.de/10013157042

Signaling and Employer Learning with Instruments

Aryal, Gaurab - 2020

The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...

Persistent link: https://www.econbiz.de/10012842034

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