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, if outsourcing is associated with specialization gains arising from an increase in the extent of the market for …
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The aim of this paper is to investigate the relationship between the diversity of groups of workers and the local division of labour in the San Lorenzo Market, Florence, Italy. This empirical research may help distinguish the demographic, migratory and occupational patterns of the workers in...
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We show that lenders join a U.S. commercial credit bureau when information asymmetries between incumbents and entrants create an adverse selection problem that hinders market entry. Lenders also delay joining when information asymmetries protect them from competition in existing markets,...
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public good and the distribution of private consumption. In contrast to most models in the literature, specialization within … the spouses. Increasing marginal benefits of labour market experience make specialization efficient, even if both spouses …/her contribution and the provision level of the household good is likely to be inefficiently low. -- Family bargaining ; Specialization …
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There are more and more industries in which firms are specialized in the production of a component of the final good. This is especially true in high-tech industries. The basic question is why don't these firms merge? We paradoxically show that industries which are typical candidates for...
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