from the 1979-88 Current Population Survey. The results show that investment subsidies drive up the wages of workers who … evidence is consistent with an existing literature on the cyclicality of manufacturing wages as is the evidence that the wage … importance of unions for the wage increases. Either way, the evidence of rising wages is an important part of the upward sloping …

years, questions have arisen about whether its services help or harm consumers. In response, states have increasingly … consumers. On balance, our results also seem to support the relevance of theories of occupational licensing that stress the …

informational advantage over consumers in selecting arbitrators, resulting in industry-friendly arbitration outcomes. We then … arbitrators without the input of firms and consumers would increase consumer awards by $40,000 on average, relative to the current … mechanism for the benefit of consumers hinges on whether consumers are informed. Policies such as increasing arbitrator …

-functioning marketplace, suggest that prospect theory adequately organizes behavior among inexperienced consumers, whereas consumers with …

Consumers solve many agency problems, by pointing out when they believe that agents have made mistakes. This paper … considers the role that consumers play in inducing efficient behavior by agents. I distinguish between two case: those where … consumers have similar preferences to the principal, and those where consumer preferences diverge from those of the principal …

We study the effects of consumer information on equlibrium market prices and observable product quality in the market … and referral agencies (R&Rs) in some markets. R&Rs provide consumers with information on availability, price, and …&Rs on the distribution of child care prices and on the distribution of staff-child ratios. We estimate separate models for …

In this paper we investigate whether sellers treat consumers differently on the basis of how well-informed consumers …. We show that sellers alter their initial price quotes depending on whether consumers appear to be well …-informed, uninformed, or poorly informed about market prices. We find that repair shops quote higher prices to callers who cite a higher …

respect the privacy of consumers. But nonrivalry leads to other consequences that are less obvious. Because of nonrivalry …. Instead, giving the data property rights to consumers can generate allocations that are close to optimal. Consumers balance …

technology. As our model includes both economic and psychological factors, we are able to identify the role of prices, social … norms, social pressure, and curiosity on the adoption decision. We find that prices and social norms influence the adoption …: whereas some consumers welcome the opportunity to purchase and learn about the new technology, for others the inconvenience …