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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
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Agglomeration and Tax Competition
Borck, Rainald; Pflüger, Michael - 2004
Tax competition for a mobile factor is different in 'new economic geography settings' compared to standard tax … competition models. The agglomeration rent which accrues to the mobile factor in the core region can be taxed. Moreover, a tax …
Persistent link: https://www.econbiz.de/10010261800
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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
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An Adverse Selection Model of Optimal Unemployment Insurance
Hagedorn, Marcus; Kaul, Ashok; Mennel, Tim - 2003
We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recursive solution of our dynamic adverse selection problem with repeated moral hazard. Conditions...
Persistent link: https://www.econbiz.de/10010262113
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The Virtue of Being Underestimated: A Note on Discriminatory Contracts in Hidden Information Models
Schnedler, Wendelin - 2001
A standard hidden information model is considered to study the influence of the a priori productivity distribution on the optimal contract. A priori more productive (hazard rate dominant) agents work less, enjoy lower rents, but generate a higher expected surplus.
Persistent link: https://www.econbiz.de/10010262549
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Optimal income taxation with endogenous participation and search unemployment
Lehmann, Etienne; Parmentier, Alexis; van der Linden, Bruno - 2008
This paper characterizes the optimal redistributive taxation when individuals are heterogeneous in two exogenous dimensions: their skills and their values of non-market activities. Search-matching frictions on the labor markets create unemployment. Wages, labor demand and participation are...
Persistent link: https://www.econbiz.de/10010277015
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Wage dispersion and labor turnover with adverse selection
Carrillo-Tudela, Carlos; Kaas, Leo - 2011
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. With sufficiently strong information frictions, low-wage firms offer separating contracts and...
Persistent link: https://www.econbiz.de/10010280703
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Bonus culture: Competitive pay, screening, and multitasking
Bénabou, Roland; Tirole, Jean - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …
Persistent link: https://www.econbiz.de/10010293214
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Bonus Culture: Competitive Pay, Screening, and Multitasking
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …
Persistent link: https://www.econbiz.de/10010635587
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Negative Externalities and Equilibrium Existence in Competitive Markets with Adverse Selection
von Siemens, Ferdinand; Kosfeld, Michael - Institute for the Study of Labor (IZA) - 2009
on existing theories of competition in markets with adverse selection. …
Persistent link: https://www.econbiz.de/10004976877