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Trade Mechanism Selection in Markets with Frictions

Camera, Gabriele; Delacroix, Alain - In: Review of Economic Dynamics 7 (2004) 4, pp. 851-868

We endogenize the trade mechanism in a search economy with many homogenous sellers and many heterogeneous buyers of …

Persistent link: https://www.econbiz.de/10005085604

Search, Dealers, and the Terms of Trade

Camera, Gabriele - In: Review of Economic Dynamics 4 (2001) 3, pp. 680-694

I study a search theoretic model with pairwise meetings where dealers arise endogenously. The extent of intermediation …

Persistent link: https://www.econbiz.de/10005085524

A Simple Economic Theory of Skill Accumulation and Schooling Decisions

Blankenau, William; Camera, Gabriele - In: Review of Economic Dynamics 9 (2006) 1, pp. 93-115

We propose a model of schooling that can account for the observed heterogeneity in workers' productivity and educational attainment. Identical unskilled agents can get a degree at a cost, but becoming skilled entails an additional unobservable effort cost. Individual labor can then be used as an...

Persistent link: https://www.econbiz.de/10005085544