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Public and Private Insurance with Costly Transactions
Bertola, Giuseppe - 2010
We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...
Persistent link: https://www.econbiz.de/10013137517
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Checkerboards and Coase : Transactions Costs and Efficiency in Land Markets
Akee, Randall - 2021
The Coase theorem emphasizes the role transactions costs play in efficient market outcomes. We document inefficient outcomes, in the presence of a transactions cost, in southern California land markets and the corresponding transition to efficient outcomes after the transactions cost is...
Persistent link: https://www.econbiz.de/10013317335
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When the Baby Cries at Night : Inelastic Buyers in Non-Competitive Markets
Calzolari, Giacomo - 2014
that fix the number of pharmacies in a city, we use RDD to measure the effect of competition on sellers' ability to extract …
Persistent link: https://www.econbiz.de/10013046241
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Transactions Costs and the Employment Contract in the US Economy
MacLeod, W. Bentley - 2013
In this paper we adapt the model of MacLeod (2007) to provide one way to formally implement some of Williamson's ideas regarding the effect of transactions costs upon employment relationship. We then explore the empirical implications of this model with a data set that measures job...
Persistent link: https://www.econbiz.de/10013083747
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Leader Networks and Transaction Costs : A Chinese Experiment in Interjurisdictional Contracting
Chau, Nancy H. - 2016
Do leader networks promote efficient intergovernmental contracts? We examine a groundbreaking policy in China where subprovincial governments freely traded land conversion quotas, and investigate the role of leader networks on the boundary between jurisdictions that embrace trade versus autarky....
Persistent link: https://www.econbiz.de/10013001319
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Trade as a Wage Disciplining Device
Persyn, Damiaan - 2021
We estimate how trade openness affects the relationship between wages, labour productivity and foreign wages using sector-level time series for several EU member states. In some countries wages became less responsive to foreign wages as trade costs declined. We show this counter-intuitive result...
Persistent link: https://www.econbiz.de/10013324883
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Gender Differences in the Effect of Employee-Manager Friendships on Salary Dynamics in CPA Firms
Tobol, Yossef - 2019
We study the effect of employee-manager relations on salary increases. We use data obtained from a longitudinal survey, carried out among auditing team members in leading Israeli CPA firms (which are subsidiaries of American firms). Our main findings suggest that the degree of friendship with...
Persistent link: https://www.econbiz.de/10012859786
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Ambiguity on Audits and Cooperation in a Public Goods Game
Dai, Zhixin - 2014
We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10013058735
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The Distribution of Earnings Under Monopsonistic/Polistic Competition
Thisse, Jacques-François - 2010
, firms are price-makers and wage-setters. Our setting combines monopolistic and monopsonistic competition, thus encapsulating …
Persistent link: https://www.econbiz.de/10013139040
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The Effect of Product Market Competition on Job Instability
Aparicio Fenoll, Ainhoa - 2011
This paper assesses the impact of product market competition on job instability as proxied by the use of fixed … Strategies Survey, I show that job instability rises with competition. In particular, a one standard deviation increase in … competition in an economic sector decreases the probability that a fixed-term worker gets an open-ended contract within that …
Persistent link: https://www.econbiz.de/10013125476