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Frictional asset reallocation under adverse selection
Madison, Florian - 2018
The aim of this paper is to study asset reallocation in financial markets subject to search, bargaining, and information frictions, and to analyze the impact of monetary policy on equilibrium outcomes. The main results show that private information regarding the quality of an asset impairs its...
Persistent link: https://www.econbiz.de/10011969185
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Optimal short-time work: Screening for jobs at risk
Teichgräber, Julian; Žužek, Simon; Hensel, Jannik - 2022
Short-time work - a wage subsidy conditional on hour reductions - has become an important tool of labor market policy in many European countries. As the scope of these policies expanded, concerns about side effects due to adverse selection increased. We develop a model of job retention policies...
Persistent link: https://www.econbiz.de/10013164119
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The labor market consequences of appropriate technology
De Souza, Gustavo - 2022
increases wage inequality but leads to greater production in developing countries. I study a Brazilian innovation program that … taxed the leasing of international technology to subsidize national innovation. I show that the program led firms to replace …
Persistent link: https://www.econbiz.de/10014301985
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Taxes and Benefits: Two Distinct Options to Cheat on the State?
Halla, Martin; Schneider, Friedrich G. - 2005
’s decision on claiming unjustified subsidies (e. g. by underreporting income) exists so far. Employing Austrian survey data we … show that the basic attitude towards avoiding taxes (tax morale) and claiming unjustified subsidies (benefit morale) have … economic approach, by alternative theories or simply by more opportunities to cheat on the state by unjustified subsidies in …
Persistent link: https://www.econbiz.de/10010294580
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Deceptive Advertising with Rational Buyers
Piccolo, Salvatore; Tedeschi, Piero; Ursino, Giovanni - 2015
We study a game in which two competing sellers supplying experience goods of different quality can induce a perspective buyer into a bad purchase through (costly) deceptive advertising. We characterize the equilibrium set of the game and argue that an important class of these outcomes features...
Persistent link: https://www.econbiz.de/10011739599
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Are lemons sold first? Dynamic signaling in the mortgage market
Adelino, Manuel; Gerardi, Kristopher; Hartman-Glaser, Barney - 2016
evidence of a signaling mechanism through delay of trade. …
Persistent link: https://www.econbiz.de/10011776818
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Curating Social Image: Experimental Evidence on the Value of Actions and Selfies
Holm, Håkan J.; Samahita, Margaret - 2016
publication. The overall conclusion from the experiment is that theory about social reputation can predict subjects' social-signaling …
Persistent link: https://www.econbiz.de/10013208752
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Competition in Signaling
Vaccari, Federico - 2022
I study a multi-sender signaling game between an uninformed decision maker and two senders with common private …
Persistent link: https://www.econbiz.de/10013470529
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Imperfect signals
Graetz, Georg - 2023
A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection - such as noise and multi-dimensional types - and characterize their implications for the private return to skill...
Persistent link: https://www.econbiz.de/10014541005
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Structural development accounting
Gancia, Gino; Müller, Andreas; Zilibotti, Fabrizio - 2011
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10010316866