Similar Search Results

Stahl, Konrad; Strausz, Roland - 2011

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...

Persistent link: https://www.econbiz.de/10010306003

Price Competition with Information Disparities in a Vertically Differentiated Duopoly

Cavaliere, Alberto - 2004

differentiation, informed consumers exert a positive externality on the purchasers of the high quality good as its price decreases … when the share of informed consumers decreases. Considering also that the price of the low quality good increases with the … with pessimistic consumers we can explain demand collapses and insensitivity to price changes due to consumer suspicions …

Persistent link: https://www.econbiz.de/10011324907

Sources of German unemployment: evidence from a structural VAR model

Linzert, Tobias - 2001

display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …

Persistent link: https://www.econbiz.de/10010297779

Equilibrium involuntary unemployment under oligempory

Kaas, Leo; Madden, Paul - 1999

We show that equilibrium involuntary unemployment emerges in a multi-stage game model where all market power resides with firms, on both the labour and the output market. Firms decide wages, employment, output and prices, and under constant returns there exists a continuum of subgame perfect...

Persistent link: https://www.econbiz.de/10010291913

Migration and pollution

Jha, Raghbendra; Whalley, John - 2003

We explore the links between migration of labour and location specific (urban) pollution, suggesting a sense in which pollution can be welfare improving. In a conventional Harris-Todaro model of urban-rural migration, individuals migrate so as to equate the expected urban wage (given a downward...

Persistent link: https://www.econbiz.de/10010291995

Technology shocks, employment, and labor market frictions

Mandelman, Federico S.; Zanetti, Francesco - 2008

Recent empirical evidence suggests that a positive technology shock leads to a decline in labor inputs. However, the standard real business cycle model fails to account for this empirical regularity. Can the presence of labor market frictions address this problem without otherwise altering the...

Persistent link: https://www.econbiz.de/10010292305

Exploring the Causes of Frictional Wage Dispersion

Tjaden, Volker; Wellschmied, Felix - 2011

Standard search models are inconsistent with the amount of frictional wage dis- persion found in U.S. data. We resolve this apparent puzzle by modeling skill development (learning by doing on the job, skill loss during unemployment) and duration dependence in unemployment benefits in a random on...

Persistent link: https://www.econbiz.de/10010293374

On Aghion's and Blanchard's On the speed of transition in Central Europe

Nævdal, Eric; Wagner, Martin - 2005

In this paper we derive the correct solution of optimal closure of the state sector studied in Section 6.4 of Aghion and Blanchard (1994). Aghion and Blanchard only present an 'approximate' solution which entails a constant unemployment rate in what they call a turnpike approximation. We show...

Persistent link: https://www.econbiz.de/10010293747

Weakening the SALANT-condition for the comparison of mean durations

Riese, Martin - 2000

The classical Salant-condition for the comparison of the mean interrupted spell length of the stock of unemployed and the mean completed spell length of the corresponding flow can be substantially weakened: for a NWUE [New Worse than Used in Expectation] distribution the former is greater than...

Persistent link: https://www.econbiz.de/10010294516

What are the sources of happiness?

Frey, Bruno S.; Stutzer, Alois - 2000

Persistent link: https://www.econbiz.de/10010294536

1
2
3
4
5
6
7
8
9
10
Next
Last