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We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10011339102
; neighborhood effect ; social interactions ; multiple equilibria ; network externality ; transition ; Russia …
Persistent link: https://www.econbiz.de/10003427035
, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are …
Persistent link: https://www.econbiz.de/10014068763
, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are …
Persistent link: https://www.econbiz.de/10013325175
that characterise the transition process in both the economic and political realms. Contrary to a widespread assumption … survey the vast empirical literature on transition economies in order to provide evidence on the correlation between … expectations at the beginning of transition and success of the transition process. We provide the first comprehensive survey of the …
Persistent link: https://www.econbiz.de/10014455426
This paper seeks to contribute to the ongoing controversy on the distributional effects of structural reforms in developing countries. Applying inequality indices and Fields' (2001) decomposition methodology to Bolivian household survey data of the years 1989 to 1997, we identify recent trends...
Persistent link: https://www.econbiz.de/10011475841
The paper addresses the effects of social relations on cooperation (or collusion) in organizations and communities. Social and production relations are modeled as separate repeated strategic interactions. "Linking" them--by employing members of the same community or by encouraging social...
Persistent link: https://www.econbiz.de/10014206611
The paper characterizes the effects of social relations on agents' ability to sustain cooperation (or collusion) within organizations' teams or communities. We model social and production relations as separate repeated strategic interactions. "Linking" them, for example by employing members of...
Persistent link: https://www.econbiz.de/10014206616
explanations why unemployment is high during transition in countries of Central and Eastern Europe the role of unemployment and the … fiscal problems due to unemployment is discussed within a model of economies of transition. The model highlights the …
Persistent link: https://www.econbiz.de/10010499922
Persistent link: https://www.econbiz.de/10014391705