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Shutdown contests in multi-plant firms and governmental intervention

Kräkel, Matthias - 2010

When a multi-plant firm must close one unit due to declining demand it can choose between two alternatives. On the one hand, the firm can announce a certain span of time in which the plants are evaluated according to relative performance with the least performing plant being shut down in the end...

Persistent link: https://www.econbiz.de/10010269831

Charity Auctions : A Field Experimental Investigation

Carpenter, Jeffrey P.; Holmes, Jessica; Matthews, Peter Hans - 2004

empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should … by the first price auction. Our design also allows us to identify differential participation as the source of the … difference between existing theory and the field. To conclude, we show that a model of charity auctions augmented by an …

Persistent link: https://www.econbiz.de/10010271934

Convergence in institutions and market outcomes: cross-country and time-series evidence from the BEEPS surveys in transition economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - 2008

This paper uses the BEEPS firm-level data to study the process of convergence of transition countries with developed market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending to firms, and how firms respond to the economic...

Persistent link: https://www.econbiz.de/10010269128

Imperfect information, on-the-job training, and the employer size-wage puzzle: Theory and evidence

Feng, Shuaizhang; Zheng, Bingyong - 2010

theory, substantiated by the new empirical evidence, suggests that it is not large firms, per se, but firms that hire better …

Persistent link: https://www.econbiz.de/10010269758

Information and Racial Exclusion

Lundberg, Shelly; Startz, Richard - 2004

This paper presents several economic models that explore the relationships between imperfect information, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical discrimination, from imperfect information about the return to transactions...

Persistent link: https://www.econbiz.de/10010262133

Privacy, time consistent optimal labor income taxation and education policy

Konrad, Kai A. - 1999

Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy.

Persistent link: https://www.econbiz.de/10010262302

Competition, hidden information and efficiency: an experiment

Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - 2006

We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden-information context. In our benchmark case, each principal is matched with one agent of unknown type. In our second treatment, a principal can select one of three agents, while in a...

Persistent link: https://www.econbiz.de/10010267782

Can workers' expectations account for the persistence of discrimination?

Filippin, Antonio - 2009

The paper explains how workers' expectations of being discriminated against can be self-confirming, accounting for the persistence of unequal outcomes in the labour market even beyond the causes that originally generated them. The theoretical framework used is a two-stage game of incomplete...

Persistent link: https://www.econbiz.de/10010269453

Cherry-picking in labor market with imperfect information

Feng, Shuaizhang; Zheng, Bingyong - 2009

We study a competitive labor market with imperfect information. In our basic model, the labor market consists of heterogeneous workers and ex ante identical firms who have only imperfect private information about workers' productivities. Firms compete by posting wages in order to cherry-pick...

Persistent link: https://www.econbiz.de/10010269703

How opportunity costs decrease the probability of war in an incomplete information game

Polachek, Solomon W.; Xiang, Jun - 2008

This paper shows that the opportunity costs resulting from economic interdependence decrease the equilibrium probability of war in an incomplete information game. This result is strongly consistent with existing empirical analyses of the inverse trade-conflict relationship, but is the opposite...

Persistent link: https://www.econbiz.de/10010276264

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