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Justifying Antitrust : Prediction, Efficiency, and Welfare
Tor, Avishalom - 2016
boundedly rational consumers or the reactions of firms to such behavior. Second and more fundamental is the efficiency challenge …, which surfaces where consumer bias weakens the causal link between competition and efficiency. For instance, consumers who … standard economic justification for antitrust law largely weathers the thorny efficiency and welfare challenges alike …
Persistent link: https://www.econbiz.de/10012999218
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Informationally Robust Welfare Predictions Under Second-Degree Price Discrimination
Yang, Kai Hao - 2019
In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...
Persistent link: https://www.econbiz.de/10012894284
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Inefficiency in Social Security Trust Funds Forecasts
Lahiri, Kajal; Zhang, Junyan; Zhao, Yongchen - 2021
We examine forecast accuracy and efficiency of the Social Security Administration’s projections for cost rate, trust …
Persistent link: https://www.econbiz.de/10013313449
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Advance Layoff Notices and Labor Market Forecasting
Krolikowski, Pawel Michal - 2020
We collect rich establishment-level data about advance layoff notices filed under the Worker Adjustment and Retraining Notification (WARN) Act since January 1990. We present in-sample evidence that the number of workers affected by WARN notices leads state-level initial unemployment insurance...
Persistent link: https://www.econbiz.de/10012842419
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Prioritizing Which Homeless People Get Housing Using Predictive Algorithms
Toros, Halil; Flaming, Daniel - 2017
We present the methodology for developing a predictive model for identifying homeless persons likely to have high future costs for public services. It was developed by linking administrative records from 2007 through 2012 for seven Santa Clara County agencies and identifying 38 demographic,...
Persistent link: https://www.econbiz.de/10014121616
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A new indicator for nowcasting employment subject to social security contributions in Germany
Hutter, Christian - In: Journal for labour market research 54 (2020) 1/4, pp. 1-10
Contrary to the number of unemployed or vacancies, the number of employees subject to social security contribu-tions (SSC) for Germany is published after a time lag of 2 months. Furthermore, there is a waiting period of 6 months until the values are not revised any more. This paper uses monthly...
Persistent link: https://www.econbiz.de/10012242291
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An Approach to Predicting Regional Labor Market Effects of Economic Shocks : The Covid-19 Pandemic in New England
Jackson, Osborne - 2021
The emergence of the COVID-19 pandemic led state and local governments throughout New England and much of the nation to issue ordinances restricting activity that might otherwise contribute to the spread of the disease. Individuals also freely adjusted their behavior, hoping to reduce the...
Persistent link: https://www.econbiz.de/10014088470
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Forecasting with a mismatch-enhanced labor market matching function
Hutter, Christian; Weber, Enzo - 2014
labor market matching function. In theory, higher mismatch lowers matching efficiency which increases the risk that the …
Persistent link: https://www.econbiz.de/10010401765
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Forecasting unemployment in Finland : a flow approach
Lindblad, Annika; Gäddnäs, Niklas - 2024
In this paper we evaluate whether the accuracy of Finnish unemployment rate forecasts can be improved by utilising the information in the flows into and out of unemployment. We compare and contrast different methodologies for constructing the flows. Our results indicate that Bayesian vector...
Persistent link: https://www.econbiz.de/10014574000
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Nowcasting Employment in the Euro Area
Banbura, Marta; Belousova, Irina; Bodnár, Katalin; … - 2023
Euro area labour market variables are published with a considerable lag, longer than in the case of real GDP. We develop a suite of models to provide a more timely estimate (nowcast) of euro area quarterly employment growth based on a broad range of monthly indicators. The suite includes a batch...
Persistent link: https://www.econbiz.de/10014354741