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Career Lotto : Labor Supply in Winner-Take-All Markets
Grove, Wayne A. - 2019
Are people prone to selecting occupations with highly skewed income distributions despite minuscule chances of success? Assembling a comprehensive pool of potential teenage entrants into professional tennis (a typical winner-take-all market), we construct objective measures of relative ability...
Persistent link: https://www.econbiz.de/10012894561
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Buying Lottery Tickets for Foreign Workers : Search Cost Externalities Induced by H-1b Policy
Sharma, Rishi; Sparber, Chad - 2021
The H-1B program allows firms in the United States to temporarily hire high-skilled foreign citizens. H-1B workers are highly concentrated among a small number of firms. We develop a theoretical model demonstrating that this phenomenon is an artifact of policy design: When the government...
Persistent link: https://www.econbiz.de/10013314927
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Gambling Habits and Probability Judgements in a Bayesian Task Environment
Dickinson, David L.; Reid, Parker - 2023
information sources. Exploratory analysis, however, revealed interesting effects related to self-reported gambling frequency …-reported gambling frequency was stronger for females. Decision modeling found a decreased weight placed on new evidence (over base rate … frequency of gambling to worse performance in the critical probability assessment skills that should benefit gambling success (i …
Persistent link: https://www.econbiz.de/10014346673
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Corruption as a Barrier to Entry : Theory and Evidence
Campos, Nauro F. - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...
Persistent link: https://www.econbiz.de/10013136941
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Information and Competition Entry
Ewers, Mara - 2012
This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...
Persistent link: https://www.econbiz.de/10013108628
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Subsidizing Firm Entry in Open Economies
Pflüger, Michael - 2009
Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects the government incentive to impact on entry costs,...
Persistent link: https://www.econbiz.de/10013155605
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Regulatory Barriers and Entry in Developing Economies
Bennett, John - 2006
We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to quot;excessivequot; entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a...
Persistent link: https://www.econbiz.de/10012779967
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How Darwinian Should an Economy Be?
Saint-Paul, Gilles - 2014
This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...
Persistent link: https://www.econbiz.de/10013042991
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Biased Beliefs and Entry into Scientific Careers
Ganguli, Ina - 2020
We investigate whether excessively optimistic beliefs may play a role in the persistent demand for doctoral and post-doctoral training in science. We elicit the beliefs and career preferences of doctoral students through a novel survey and randomize the provision of structured information on the...
Persistent link: https://www.econbiz.de/10012828014
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Imperfect Transmission of Tacit Knowledge and Other Barriers to Entrepreneurship
Poutvaara, Panu; Kanniainen, Vesa - 2021
This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate entry cost, there are entry costs caused by regulation. Second, union wage policies raise the opportunity cost of entrepreneurship. Third, inefficiencies in the transmission of...
Persistent link: https://www.econbiz.de/10013316970