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No Taxation Without Information : Deterrence and Self-Enforcement in the Value Added Tax
Pomeranz, Dina - 2013
paper analyzes the role of third party information for VAT enforcement through two randomized experiments among over 400 …
Persistent link: https://www.econbiz.de/10013079591
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Unhealthy Insurance Markets : Search Frictions and the Cost and Quality of Health Insurance
Cebul, Randall - 2010
We analyze the role of search frictions in the market for commercial health insurance. Frictions increase the cost of insurance by enabling insurers to set price above marginal cost, and by creating incentives for inefficiently high levels of marketing. Frictions also lead to price dispersion...
Persistent link: https://www.econbiz.de/10012758230
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Trade Costs
Anderson, James E.; van Wincoop, Eric - 2021
This paper surveys the measurement of trade costs --- what we know, and what we don't know but may usefully attempt to find out. Partial and incomplete data on direct measures of costs go together with inference on implicit costs from trade flows and prices. Total trade costs in rich countries...
Persistent link: https://www.econbiz.de/10013246402
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Equity Prices and Equity Flows : Testing Theory of the Information-Efficiency Tradeoff
Razin, Assaf - 2011
is that high liquidity need investors generate a positive information-externality for low liquidity need investors among …. Such an increase reinforces the information externality, thereby lowering the FDI-to-FPI price discount, creating further …
Persistent link: https://www.econbiz.de/10013131989
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Starting Small in an Unfamiliar Environment
Rauch, James E. - 2012
variable size in order to gain information about the ability of the LDC firm to successfully carry out a large project. We …
Persistent link: https://www.econbiz.de/10013114940
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A Theory of Asset Pricing Based on Heterogeneous Information
Albagli, Elias - 2011
We propose a theory of asset prices that emphasizes heterogeneous information as the main element determining prices of … different securities. Our main analytical innovation is in formulating a model of noisy information aggregation through asset … how heterogeneous information can lead to systematic departures from the Modigliani-Miller theorem. Second, in a dynamic …
Persistent link: https://www.econbiz.de/10013119040
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Unions in a Frictional Labor Market
Krusell, Per - 2012
A labor market with search and matching frictions, where wage setting is controlled by a monopoly union that follows a norm of wage solidarity, is found vulnerable to substantial distortions associated with holdup. With full commitment to future wages, the union achieves efficient hiring in the...
Persistent link: https://www.econbiz.de/10013103813
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Taxation and Redistribution of Residual Income Inequality
Golosov, Mikhail - 2012
This paper studies the optimal redistribution of income inequality in a model with search and matching frictions in the labor market. We study this problem in the context of a directed search model of the labor market populated by homogeneous workers and heterogeneous firms. The optimal...
Persistent link: https://www.econbiz.de/10013105002
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Firms' Stakeholders and the Costs of Transparency
Almazan, Andres - 2014
information about a firm's quality) may improve the allocation of resources, a firm may have a higher ex ante value if information … information regarding the extent to which stakeholders benefit from having a relationship with a high quality firm. These costs …
Persistent link: https://www.econbiz.de/10013065245
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A Search Cost Model of Obfuscation
Ellison, Glenn - 2010
This paper develops search-theoretic models in which it is individually rational for firms to engage in obfuscation. It considers oligopoly competition between firms selling a homogeneous good to a population of rational consumers who incur search costs to learn each firm's price. Search costs...
Persistent link: https://www.econbiz.de/10013151376