Showing 1 - 10 of 348
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/10010282162
We conduct a natural field experiment in a large retail chain to test basic predictions of tournament theory regarding prize spread and noise. A random subset of the 208 stores participates in two-stage elimination tournaments. Tournaments differ in the distribution of prize money across winners...
Persistent link: https://www.econbiz.de/10010282278
In this paper, we analyze employment and capital adjustments using a panel of plants from Colombia. We allow for nonlinear adjustment of employment to reflect not only adjustment costs of labor but also adjustment costs of capital, and vice-versa. Using data from the Annual Manufacturing Survey,...
Persistent link: https://www.econbiz.de/10010274528
deregulation. Road driver output is individualized, and pay is on the basis of a piece rate (mileage). However, road drivers work … companies paid more than those for TL companies, but in LTL the union earnings premium was maintained following deregulation and …
Persistent link: https://www.econbiz.de/10010282408
This paper is a contribution to the debate on policy complementarity in relation to deregulation in the product and … labour markets. We develop a model of dynamic efficiency wages and monopolistic competition. Whereas most of the literature … points toward the gains associated to an increase in product market competition coupled with an increased flexibility of the …
Persistent link: https://www.econbiz.de/10010261939
In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are …
Persistent link: https://www.econbiz.de/10010262459
in international data. More market orientation might be related to gender wage gaps via its effects on competition in …
Persistent link: https://www.econbiz.de/10010268261
countries over the period 1980-2002, we present evidence that product market deregulation is more effective at the margin when … labor market regulation is high. Moreover, there is evidence in our sample that product market deregulation promotes labor … market deregulation. We show that these results are mostly consistent with the basic predictions of a standard bargaining …
Persistent link: https://www.econbiz.de/10005762118
In order to learn more about the wage elasticity of the teacher supply in Switzerland, this paper estimates wages for … to the fact that teachers? salaries are generally high in Switzerland - teachers here enjoy a positive wage differential …
Persistent link: https://www.econbiz.de/10010261950
schemes of subsidised temporary employment implemented in Switzerland. One scheme operates as a non-profit employment …
Persistent link: https://www.econbiz.de/10010262619