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Spoils of war : trade shocks and segmented labor markets in Spain during WWI

Fuchs, Simon - 2021

How does intranational factor mobility shape the welfare effects of a trade shock? I provide evidence that during WWI, a demand shock emanated from belligerent countries and affected neutral Spain. Within Spain, labor predominantly reallocated locally, while the most affected provinces...

Persistent link: https://www.econbiz.de/10012544292

Social preferences and competition

Schmidt, Klaus M. - 2009

There is a general presumption that social preferences can be ignored if markets are competitive. Market experiments (Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if they were purely self-interested. We qualify this view....

Persistent link: https://www.econbiz.de/10003935667

Social preferences and competition

Schmidt, Klaus M. - 2010

Persistent link: https://www.econbiz.de/10003951883

Analyzing a flat income tax in the Netherlands

Jacobs, Bas; Mooij, Ruud A. de; Folmer, Cees - 2007

A flat tax rate on income has gained popularity in European countries. This paper assesses the attractiveness of such a flat tax in achieving redistributive objectives with the least cost to labour market performance. We do so by using a detailed applied general equilibrium model for the...

Persistent link: https://www.econbiz.de/10011372518

Labor market pooling and occupational agglomeration

Gabe, Todd M.; Abel, Jaison R. - 2010 - Rev.

This paper examines the micro-foundations of occupational agglomeration in U.S. metropolitan areas, with an emphasis on … higher levels of geographic concentration than do occupations with generic knowledge requirements. Further, by analyzing co-agglomeration … evidence on the importance of labor market pooling as a determinant of occupational agglomeration. -- Agglomeration …

Persistent link: https://www.econbiz.de/10003947568

Local labor market size and qualification mismatch

Berlingieri, Francesco - 2017

differences in qualification mismatch across areas. This provides evidence of the existence of agglomeration economies through …

Persistent link: https://www.econbiz.de/10011752572

Non-implementation of rational expectations as a perfect Bayesian equilibrium

Glycopantis, Dionysius; Muir, Allan; Yannelis, Nicholas C. - 2004

Persistent link: https://www.econbiz.de/10001974022

Non-implementation of rational expectations as a perfect Bayesian equilibrium

Glycopantis, Dionysius; Muir, Allan; Yannelis, Nicholas C. - 2004

We show that a rational expectations equilibrium need not be incentive compatible, need not be implementable as a perfect Bayesian equilibrium and may not be fully Pareto optimal, unless the utility functions are state independent. A comparison of rational expectations equilibria with core...

Persistent link: https://www.econbiz.de/10009728179

The conception of the individual in non-cooperative game theory

Davis, John B. - 2003

This paper examines the conception of individuals as being of certain types in Harsanyi'stransformation of games of incomplete information into games of complete information. Itargues that while the conception of the individual in games of complete information offerspotential advances over the...

Persistent link: https://www.econbiz.de/10011334340

Fairness and competition in a bilateral matching market

Bester, Helmut - 2021

This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes. In equilibrium fairness matters because of market...

Persistent link: https://www.econbiz.de/10012587476