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conclude that an important reason why firms exist is the private information that derives from the firm's ability to better …
Persistent link: https://www.econbiz.de/10013053836
reveal a number of new stylized facts on the distributions of buyers per exporter and exporters per buyer, the matching among …
Persistent link: https://www.econbiz.de/10013053838
Labor market search-and-matching models posit supply-side responses to minimum wage increases that may lead to improved …
Persistent link: https://www.econbiz.de/10012909865
We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and …
Persistent link: https://www.econbiz.de/10013311946
Most transplanted kidneys are from cadavers, but there are also substantial numbers of transplants from live donors. Recently, there have started to be kidney exchanges involving two donor-patient pairs such that each donor cannot give a kidney to the intended recipient because of immunological...
Persistent link: https://www.econbiz.de/10013230395
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10013242934
As multi-hospital kidney exchange clearinghouses have grown, the set of players has grown from patients and surgeons to include hospitals. Hospitals have the option of enrolling only their hard-to-match patient-donor pairs, while conducting easily arranged exchanges internally. This behavior has...
Persistent link: https://www.econbiz.de/10013130977
capital mobility, whereas others impose controls to trap capital onshore, thus signaling future policies affecting capital …
Persistent link: https://www.econbiz.de/10012763686
Contrary to signaling models' central predictions, changes in the level of cash flows do not empirically follow changes … cash-flow news—and not discount-rate news—drive payout policy, and payout policy conveys information about future cash …
Persistent link: https://www.econbiz.de/10012929544
evolution of urban ecosystems. This paper describes markets as coordination mechanisms and conveyors of information from a …
Persistent link: https://www.econbiz.de/10013027689