According to the previous literature on hiring, ?rms face a trade-off when deciding on external recruiting: From an … incentive perspective, external recruiting is harmful since admission of external candidates reduces internal workers’ career … same product market, weaker ?rms use external recruiting and their wage policy to offset their competitive disadvantage. …

less clear. Using a contest model, this paper investigates the pure incentive effects of external recruiting. Our results …External recruiting at least weakly improves the quality of the pool of applicants, but the incentive implications are … discouragement of low ability workers, the firm will benefit from external recruiting. If, however, the discouragement effect …

investigate the incentives to expend effort for a prize that produces consumption externalities and consider alternative … regulatory policies. We find relatively more global consumption externalities will increase (decrease) rent seeking when con …- sumption externalities are negative (positive). We show how introducing Pigouvian taxation (possibly with revenue transfer) and …

Modellierung der gewerkschaftlichen Lohnpolitik gezeigt. Damit sind aber noch nicht die Voraussetzungen für eine …

This paper views authority as the right to undertake decisions that impose externalities on other members of the …

Demange (1994, 2002), extend to partition function games with negative externalities. Under positive externalities, although …

paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …