Showing 1 - 10 of 297
to predictable marginal cost changes, as expected from the Mankiwand Reis (2002) Sticky Information Model. We …nd that... …
Persistent link: https://www.econbiz.de/10005866459
members of an information sharingCooperative. Once collected, information about the location of productive sh-ing sites is an … excludable public good. We show that independent shermen donot internalize the full value of information and do not replicate rst …-best searchpatterns. An information sharing Cooperative faces a free-riding problem as eachmember prefers that another undertake costly …
Persistent link: https://www.econbiz.de/10009360718
This paper examines search with active learning and correlated information. We firstdevelop a simple model to show how … correlation affects the decision to acquire information.A unique data set on fishing site choice by mid-Atlantic clam fishermen is … declines, i.e., when the opportunity cost of gathering information is low, butalso when catch at familiar sites is on the rise …
Persistent link: https://www.econbiz.de/10009360920
We discuss long-run growth in an economy which is subject toaggregate productivity shocks affecting all factors of production. Wedemonstrate that the presence of labor income risk unambiguously isan important determinant of long-run expected growth. The issue ofdynamic inefficiency of the...
Persistent link: https://www.econbiz.de/10005867611
Econometric evaluations of public-sponsored training programmes generally find littleevidence of an impact of such policies on transition rates out of unemployment. We performthe first evaluation of training effects for the unemployed adults in France, exploiting a uniquelongitudinal dataset...
Persistent link: https://www.econbiz.de/10005861168
Trade unions are consistently found to compress the wage distribution. Moreover, unemployment affects in particular low-skilled workers. The present paper argues that an extended Right-to-Manage model can account for both of these findings. In this model unions compress the wage distribution by...
Persistent link: https://www.econbiz.de/10005861186
Based on administrative data from the federal employment office in Germany, we apply matching techniques to estimate …
Persistent link: https://www.econbiz.de/10005861992
In many environments, tournaments can elicit more effort from workers, except perhapswhen workers can sabotage each other. Because it is hard to separate effort, ability andoutput in many real workplace settings, the empirical evidence on the incentive effect oftournaments is thin...
Persistent link: https://www.econbiz.de/10005862319
To investigate the size and the timing of the direct impact of participatory arrangements onbusiness performance, we assemble and analyze extraordinary daily data – for rejection,production and downtime rates for all operators in a single plant during a 35 month period,more than 77,000...
Persistent link: https://www.econbiz.de/10005862585
This paper applies recent advances in the study of labor market dynamics to a representativedeveloping country with a large unregulated of “informal” sector. It confirms the relevance ofthe recent mainstream models and debates surrounding gross worker flows to the developingcountry context,...
Persistent link: https://www.econbiz.de/10005862702