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Good Rankings are Bad : Why Reliable Rankings Can Hurt Consumers

Bouton, Laurent - 2015

unbiased informative ranking. The existence of the ranking might affect the welfare of all consumers negatively. With rigid … prices, the ranking induced change in demand can be detrimental to all consumers in markets featuring rationing or … consumption externalities. With perfectly flexible prices, the ranking might increase firms' market power, and hence lead to …

Persistent link: https://www.econbiz.de/10013024517

Impact Evaluation in Matching Markets with General Tie-Breaking

Abdulkadiroglu, Atila - 2018

Many centralized matching schemes incorporate a mix of random lottery and non-lottery tie-breaking. A leading example is the New York City public school district, which uses criteria like test scores and interviews to generate applicant rankings for some schools, combined with lottery...

Persistent link: https://www.econbiz.de/10012930855

Ranking, Unemployment Duration, and Wages

Blanchard, Olivier J.; Diamond, Peter A. - 2021

unemployment, called ranking. With the filling of vacancies unaffected by the selection rule, both equilibria have the same … being a worker with zero unemployment duration, the wage with ranking is much more sensitive to changes in the tightness of …

Persistent link: https://www.econbiz.de/10013210544

Company Stock Reactions to the 2016 Election Shock : Trump, Taxes and Trade

Wagner, Alexander F. - 2017

The election of Donald J. Trump as the 45th President of the United States of America on 11/8/2016 came as a surprise. Markets responded swiftly and decisively. This note investigates both the initial stock market reaction to the election, and the longer-term reaction through the end of 2016. We...

Persistent link: https://www.econbiz.de/10012963175

Skill Dispersion and Trade Flows

Bombardini, Matilde - 2009

Is skill dispersion a source of comparative advantage? While it is established that a country's aggregate endowment of human capital is an important determinant of comparative advantage, this paper investigates whether the distribution of skills in the labor force can play a role in the...

Persistent link: https://www.econbiz.de/10013158695

Taste for Competition and the Gender Gap Among Young Business Professionals

Reuben, Ernesto - 2015

Using an incentivized measure of test for competition, this paper investigates whether this taste explains subsequent gender differences in earnings and industry choice in a sample of high-ability MBA graduates. We find that “competitive” individuals earn 9% more than their less competitive...

Persistent link: https://www.econbiz.de/10013012390

Heterogeneous Frictional Costs Across Industries in Cross-Border Mergers and Acquisitions

Blonigen, Bruce A. - 2016

While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI), past literature primarily focuses on country-wide FDI patterns with little examination of sectoral heterogeneity in FDI. Anecdotally, there is substantial sectoral...

Persistent link: https://www.econbiz.de/10012984746

Augmenting the Human Capital Earnings Equation with Measures of Where People Work

Barth, Erling - 2016

We augment standard ln earnings equations with variables reflecting unmeasured attributes of workers and measured and unmeasured attributes of their employer. Using panel employee-establishment data for US manufacturing we find that the observable employer characteristics that most impact...

Persistent link: https://www.econbiz.de/10012984780

On What States Do Prices Depend? Answers from Ecuador

Benedict, Craig - 2016

In this paper, we argue that differences in the cost structure across sectors play an important role in the decision of firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between producers and consumers. An important facet of our...

Persistent link: https://www.econbiz.de/10012985202

In Search of Labor Demand

Beaudry, Paul - 2014

We propose and estimate a novel specification of the labor demand curve incorporating search frictions and the role of entrepreneurs in new firm creation. Using city-industry variation over four decades, we estimate the employment - wage elasticity to be -1 at the industry-city level and -0.3 at...

Persistent link: https://www.econbiz.de/10013045649