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Three essays on the theory of trade protection
Matschke, Xenia - 2003
Persistent link: https://www.econbiz.de/10003385417
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Layoff costs and efficiency with asymmetric information
Delacroix, Alain; Wasmer, Etienne - 2009
Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and layoff taxes can improve efficiency. We show that inefficient separations can even be fully removed with fixed separation taxes in the case where the relevant private information is...
Persistent link: https://www.econbiz.de/10003906313
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Is investment always lower, if it precedes the wage bargain?
Roberts, Mark A. - 2009
Persistent link: https://www.econbiz.de/10003942112
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Private Information, Wage Bargaining and Employment Fluctuations
Kennan, John - 2006
Shimer (2005) pointed out that although we have a satisfactory theory of why some workers are unemployed at any given …
Persistent link: https://www.econbiz.de/10012466704
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Private Information, Wage Bargaining and Employment Fluctuations
Kennan, John - 2010
Shimer (2005) pointed out that although we have a satisfactory theory of why some workers are unemployed at any given …
Persistent link: https://www.econbiz.de/10012761769
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Wage Bargaining, Labor Turnover, and the Business Cycle : A Model with Asymmetric Information
Perry, Motty - 1984
This paper presents a wage bargaining model in which the employer and employee are each uncertain about the other's reservation wage. Under specified circumstances, the model's equilibrium is shown to involve unilateral wage setting and inefficient labor turnover. In addition, aggregate demand...
Persistent link: https://www.econbiz.de/10012477733
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Wage bargaining, labor turnover, and the business cycle : a model with asymmetric information
Perry, Motty; Solon, Gary - 1984
Persistent link: https://www.econbiz.de/10002633176
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Wage Bargaining, Labor Turnover, and the Business Cycle : a Model with Asymmetric Information
Perry, Motty; Solon, Gary - 2021
This paper presents a wage bargaining model in which the employer and employee are each uncertain about the other's reservation wage. Under specified circumstances, the model's equilibrium is shown to involve unilateral wage setting and inefficient labor turnover. In addition, aggregate demand...
Persistent link: https://www.econbiz.de/10013238963
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Indeterminacy of rational expectations equilibria in sequential financial markets
Donati, Paola - 2003
We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...
Persistent link: https://www.econbiz.de/10009635915
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An Empirical Examination of Information Barriers to Trade in Insurance
Cawley, John - 1996
This paper tests restrictions implied by the canonical theory of insurance under asymmetric information using ideal … life insurance. We report several findings which are hard to reconcile with the canonical theory. First, we find a striking …-linear pricing than predicted by theory: the theory predicts that prices rise with quantity, but we find that they fall. Third, we …
Persistent link: https://www.econbiz.de/10012473173