Showing 1 - 10 of 1,379
It is the basic proposition of this paper that the problem with marginal cost theory (Coase, 1946) cannot be adequately addressed within the framework of neo-classical economics. The innumerable products and services, which are available on the market, are not provided because the cost of...
Persistent link: https://www.econbiz.de/10013023302
This paper analyzes assortative matching between employers and employees and its interrelations with the employment … matching. The correlation between both quality measures is positive. Wage gains amount up to 4% when both quality levels are … equal. In a fairly general matching model, this shape of the wage curve arises due to complementarities of qualities in the …
Persistent link: https://www.econbiz.de/10010358541
We investigate the role of marital patterns in explaining rising income inequality using a structural marriage matching …
Persistent link: https://www.econbiz.de/10011871663
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on … the role of worker-job matching in development accounting, we build an equilibrium matching model that allows for cross … determine match feasibility; (ii) technology, which determines the returns to matching; and (iii) idiosyncratic matching …
Persistent link: https://www.econbiz.de/10014520525
This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10010469057
labor market matching function. In theory, higher mismatch lowers matching efficiency which increases the risk that the … findings can be improved by a mismatch-enhanced labor market matching function. For this purpose, we construct so … der Prognosegüte der Matching-Funktion. Theoretisch sinkt die Matchingeffizienz mit höherem Mismatch, wodurch das Risiko …
Persistent link: https://www.econbiz.de/10010401765
An important paper by Chiappori et al. (2012) has proposed an elegant and parsimonious model of spousal matching over …
Persistent link: https://www.econbiz.de/10010501869
We compare competing college admission matching mechanisms that differ in preference submission timing (pre-exam, post …-exam but pre-score, or post-score) and in matching procedure (Boston (BOS) and serial dictatorship (SD) matching). Pre … or SD matching are ex-post fair and efficient, they are not so ex-ante. Instead, the mechanism with pre-exam submission …
Persistent link: https://www.econbiz.de/10013092566
This paper proposes a new and easy-to-estimate marriage matching function (MMF). Unlike existing MMFs, the equilibrium … marriage matching distribution associated with the proposed MMF is not necessarily unique. I show its existence under minimal … substitution patterns than the existing MMFs. I show that the static frictionless transferable utility (TU) matching model with …
Persistent link: https://www.econbiz.de/10012964593
We develop a two-sided multidimensional matching model of the market for CEOs that allows for both pecuniary and non …
Persistent link: https://www.econbiz.de/10012653095