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Social Optimum in a Model with Hierarchical Firms and Endogenous Promotion Time
Mitkova, Mariya - 2020
start searching on-the-job. The decentralized equilibrium is then compared to the socially optimal one. The welfare analysis … a free-entry condition. Under fixed firm entry, the social planner can induce aprrox. 5% welfare gain by imposing …
Persistent link: https://www.econbiz.de/10012287877
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Why are East Germans not more mobile? Analyzing the impact of local networks on migration intentions
Schneider, Lutz; Bönisch, Peter - 2010
Despite poor regional labour market conditions East Germans exhibit a rather limited willingness of leaving their home region. Applying an IV ordered probit approach and using the German Socio Economic Panel, we test a local network explanation of lower spatial mobility. Firstly, we find that...
Persistent link: https://www.econbiz.de/10010273133
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The impact of market innovations on the evolution of norms: the sustainability case
Müller, Stephan; von Wangenheim, Georg - 2014
That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...
Persistent link: https://www.econbiz.de/10010396963
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Civic Capital and the Vertical Integration of Service Provision: Evidence from Italy
Buerker, Matthias; Minerva, Gaetano Alfredo - 2013
This paper studies whether civic capital acts an effective restraint against opportunistic behavior in transactions, looking at the degree of outsourcing to external suppliers of service provision in Italian firms. Our results show that, on average, firms tend to outsource more services where...
Persistent link: https://www.econbiz.de/10011397567
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The Impact of Fake Reviews on Reputation Systems and Efficiency
Krügel, Jan Philipp; Paetzel, Fabian - 2021
interaction. Effective reputation systems can increase trust and may improve efficiency in market settings. In recent years … reduces efficiency. We find that feedback manipulation generally decreases the reliability of average ratings in comparison to … 15 reliable, expectations are lower and both cooperation and efficiency are significantly reduced. When there are costs …
Persistent link: https://www.econbiz.de/10012623161
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Organizational Decisions in Multistage Production Processes
Nowak, Verena - 2014
To explain organizational decisions in multistage production processes we assume a production process with one producer and two suppliers of which one is the firm's direct supplier and the other one is the supplier of the supplier. The firm decides only on the organizational form of her direct...
Persistent link: https://www.econbiz.de/10010397013
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Finite Horizon Holdup and How to Cross the River
Martin, Simon; Schlag, Karl - 2017
When should one pay for delivery of a good if there are no institutions? We suggest to break up the transaction into many small rounds of investment and payment. We show that the efficient investment can be implemented in an epsilon-subgame perfect equilibrium for any given epsilon if the invest...
Persistent link: https://www.econbiz.de/10011712649
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Blockchain: A Coordination Mechanism
Pietrewicz, Lesław - 2019
demands for efficiency and security of online transactions, and a promising research topic addressing the growing academic …
Persistent link: https://www.econbiz.de/10012141483
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SOCIAL CAPITAL AND ITS INFLUENCE ON RURAL CREDIT MARKET
Daruge, Fernando Perrini; De Souza Lima, Roberto Arruda - 2010
This study analyses the relationship between social capital accumulation and the amount of rural credit market contracts of the State of São Paulo, Brazil. The most important definitions of social capital found on literature and the main ways of creation and measure this variable were reported....
Persistent link: https://www.econbiz.de/10011332305
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Can Competition Spoil Reciprocity? - A Laboratory Experiment
Bauernschuster, Stefan; Falck, Oliver; Große, Niels Daniel - 2010
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting subjects play coordination games with clear focal...
Persistent link: https://www.econbiz.de/10010274073