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Consumers and the brain drain: product design and the gains from emigration

Kuhn, Peter; McAusland, Carol - 2008

We consider the welfare effects of skilled worker emigration in a context where skilled labor plays a role in product design. We show such emigration can benefit the residents left behind, even when consumers' tastes exhibit a form of home bias. This is because emigration improves the design of...

Persistent link: https://www.econbiz.de/10010274534

Strikes, Scabs and Tread Separations: Labor Strife and the Production of Defective Bridgestone/Firestone Tires

Krueger, Alan B.; Mas, Alexandre - 2003

This paper provides a case study of the effect of labor relations on product quality. We consider whether a long, contentious strike and the hiring of replacement workers at Bridgestone/Firestone?s Decatur plant in the mid-1990s contributed to the production of defective tires. Using several...

Persistent link: https://www.econbiz.de/10010261592

Should you compete or cooperate with your schoolmates?

Bratti, Massimiliano; Checchi, Daniele; Filippin, Antonio - 2008

Building upon some education studies finding that cooperative behaviour in class yields better achievements among students, this paper presents a simple model showing that free riding incentives lead to an insufficient degree of cooperation between schoolmates, which in turn decreases the...

Persistent link: https://www.econbiz.de/10010268541

The economics of credence goods: on the role of liability, verifiability, reputation and competition

Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …

Persistent link: https://www.econbiz.de/10010271236

Negative externalities and equilibrium existence in competitive markets with adverse selection

von Siemens, Ferdinand; Kosfeld, Michael - 2009

on existing theories of competition in markets with adverse selection. …

Persistent link: https://www.econbiz.de/10010276700

Competition, cooperation, and collective choice

Markussen, Thomas; Reuben, Ernesto; Tyran, Jean-Robert - 2012

economics. This paper explores voting on a scheme of intergroup competition, which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular, but the electoral … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost …

Persistent link: https://www.econbiz.de/10010283979

The quality-complementarity hypothesis: theory and evidence from Colombia

Kugler, Maurice; Verhoogen, Eric A. - 2009

This paper presents a tractable formalization and an empirical investigation of the quality-complementarity hypothesis, the hypothesis that input quality and plant productivity are complementary in generating output quality. We embed this complementarity in a general-equilibrium trade model with...

Persistent link: https://www.econbiz.de/10010277014

On reputation: a microfoundation of contract enforcement and price rigidity

Fehr, Ernst; Brown, Martin; Zehnder, Christian - 2008

We study the impact of reputational incentives in markets characterized by moral hazard problems. Social preferences have been shown to enhance contract enforcement in these markets, while at the same time generating considerable wage and price rigidity. Reputation powerfully amplifies the...

Persistent link: https://www.econbiz.de/10010268857

Inflation persistence and the Phillips curve revisited

Karanassou, Marika; Snower, Dennis J. - 2007

A major criticism against staggered nominal contracts is that they give rise to the so called persistency puzzle - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly asserted that, in the context of the new Phillips curve...

Persistent link: https://www.econbiz.de/10010273163

Labor turnover costs, workers' heterogeneity, and optimal monetary policy

Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - 2009

We study the design of optimal monetary policy in a New Keynesian model with labor turnover costs in which wages are set according to a right to manage bargaining where the firms' counterpart is given by currently employed workers. Our model captures well the salient features of European labor...

Persistent link: https://www.econbiz.de/10010277961

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