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In bargaining between two sellers and one buyer on prices and quantities, strategic inefficiencies arise. By reallocating between the last agreement and the first, the buyer can increase it's share of the surplus. With symmetric sellers producing substitutes, the quantities in the first...
Persistent link: https://www.econbiz.de/10010321645
objective of this study is to analyze the effect of political culture and of valuation asymmetry on discrimination between the … discrimination is an endogenous variable that characterizes the mechanism allocating the prize. We consider situations under which … effect of changes in the political culture and in valuation asymmetry on the designer's preferred discrimination between the …
Persistent link: https://www.econbiz.de/10010336030
This paper surveys evidence on discrimination in Latin America and shows that there is a widespread perception of … discrimination, especially against the poor, the uneducated and those who lack connections. The channels through which discrimination … discriminatory practices in the region. This puzzle, where individuals perceive discrimination is in the air, but few act …
Persistent link: https://www.econbiz.de/10010278236
We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …
Persistent link: https://www.econbiz.de/10010292361
linking this to productivity, which turns out to be important. The paper also provides an example of modeling productivity …
Persistent link: https://www.econbiz.de/10010294881
to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … many countries. We conclude that the productivity gains through labour re-allocation are potentially a significant …
Persistent link: https://www.econbiz.de/10010263207
productivity growth in semi-industrialized economies. These effects are hypothesized to operate through the negative impact of firm … raise productivity in defense of profits, contributing to a low wage-low productivity trap. This paper presents empirical … link between increased firm mobility and lower wages, as well as slower productivity growth over the period 1970-2000. …
Persistent link: https://www.econbiz.de/10010266557
or sector, it is their productivity advantage on the local firm to determine the positive effect on domestic productivity … significant and robust Veblen-Gerschenkrion effect. The initial total factor productivity advantage of MNEs on local firm acts as … a stimulus for productivity growth of local firms in the same region. …
Persistent link: https://www.econbiz.de/10010276891
below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period …
Persistent link: https://www.econbiz.de/10010278252
, follows a faster track and depends more on political power than on those policies' potential as engines for productivity … different groups' weight in policymaking, and the effect of the implied unbalance on aggregate productivity. Electoral weight … found that the resulting imbalance of policies damages aggregate productivity. …
Persistent link: https://www.econbiz.de/10010278278