profit-maximizing firm with overnight inventory costs, and develop closed-form representations of the optimal price policy … arrival rates do not always lead to higher price volatility. Our empirical analysis shows that Treasury security trading costs …

as social costs, such as increased deaths from the spread of infection in a region. This is because public regulations …

This paper uses a strategic bargaining framework to reassess the effect of dismissal costs in models of voluntary … models. Thus, dismissal costs can affect payoffs only if some exogenous event may force the firm to fire the worker despite … costs increase the specificity of the firm's capital and depress ex post expected profits. In any case, firing restrictions …

Firing costs are often blamed for unemployment. This paper investigates this widespread belief theoretically. The main … points are two. First, firing costs are introduced in an efficiency wage model to capture their effects on employment though … used: the view that firing costs reduce employment, the idea that firing costs are neutral on employment if markets are …

The data indicate that non-wage labour costs in Germany have reached a record high in recent years. From 1972 to 2001 …, the ratio of non-wage labour costs to direct compensation in West German manufacturing industry rose from 55.6 per cent to … 81.2 per cent. The topic of non-wage labour costs is increasingly being discussed among and between the political parties …