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Gautier, Pieter A.; Hu, Bo; Watanabe, Makoto - 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 middleman mode where an intermediary holds inventories which...

Persistent link: https://www.econbiz.de/10011559580

The Effects of Local Market Concentration and International Competition on Firm Productivity: Evidence from Mexico

Rodriguez Castelan, Carlos; López-Calva, Luis-Felipe; … - 2020

Although market concentration is one of the main impediments to productivity growth globally, data constraints have limited its analysis to developed countries or cross-country studies based on definitions of market concentration across nations and industries. This paper takes advantage of a...

Persistent link: https://www.econbiz.de/10012207828

Do Market Pressures Induce Economic Efficiency: The Case of Slovenian Manufacturing, 1994-2001

Orazem, Peter F.; Vodopivec, Milan - Institute for the Study of Labor (IZA) - 2003

longitudinal data set on all manufacturing firms in Slovenia over the period 1994-2001, this study analyzes how firm efficiency … firm efficiency occurs across almost all industries and firm types: large or small; state or private; domestic or foreign …-owned. Changes in firm ownership type have no impact on firm efficiency. Rather, competitive pressures that sort out inefficient …

Persistent link: https://www.econbiz.de/10005822655

Do Market Pressures Induce Economic Efficiency: The Case of Slovenian Manufacturing, 1994-2001

Orazem, Peter F.; Vodopivec, Milan - 2003

Persistent link: https://www.econbiz.de/10010261614

Should Farmers Farm More? Comparing Marginal Products within Malawian Households

Brummund, Peter; Merfeld, Joshua D. - 2021

According to standard economic theory, households should equate the marginal revenue product of an input across activities within the household. However, this prediction may not hold in the presence of risk. Using data on farm plots and non-farm enterprises in Malawi, we examine the impact of...

Persistent link: https://www.econbiz.de/10012658282

On Price-Setting for Identtical Products in Markets without Formal Trade Barriers

Hassink, Wolter H.J.; Schettkat, Ronald - Institute for the Study of Labor (IZA) - 2001

This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an identical shopping environment in different EU countries. We get four remarkable outcomes: 1) The law...

Persistent link: https://www.econbiz.de/10005822372

Playing 'Hard to Get': An Economic Rationale for Crowding Out of Intrinsically Motivated Behavior

Schnedler, Wendelin; Vanberg, Christoph - Institute for the Study of Labor (IZA) - 2014

Anecdotal, empirical, and experimental evidence suggests that offering extrinsic rewards for certain activities can reduce people's willingness to engage in those activities voluntarily. We propose a simple rationale for this 'crowding out' phenomenon, using standard economic arguments. The...

Persistent link: https://www.econbiz.de/10010773919

Wage Determination and Imperfect Competition

Booth, Alison L. - Institute for the Study of Labor (IZA) - 2014

A striking feature of the past few decades has been the development of wage-determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...

Persistent link: https://www.econbiz.de/10010959709

Labour Demand Research: Towards a Better Match between Better Theory and Better Data

Addison, John T.; Portugal, Pedro; Varejão, José - Institute for the Study of Labor (IZA) - 2014

At first blush, most advances in labour demand were achieved by the late 1980s. Since then progress might appear to have stalled. We argue to the contrary that significant progress has been made in understanding labour market frictions and imperfections, and in modelling search behaviour and...

Persistent link: https://www.econbiz.de/10010959736

Relational Contracts and the Nature of Market Interactions

Brown, Martin; Falk, Armin; Fehr, Ernst - 2003

We provide evidence that long-term relationships between trading parties emerge endogenously in the absence of third party enforcement of contracts and are associated with a fundamental change in the nature of market interactions. Without third party enforcement, the vast majority of trades are...

Persistent link: https://www.econbiz.de/10010261611

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