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since the underdogs almost never quit the competition even when lagging significantly behind, and frontrunners do not slack …
Persistent link: https://www.econbiz.de/10010268675
aftermath of major wars. Motivated by this fact, we offer a theory of political transitions which focuses on the impact of … evidence consistent with our theory is also provided. …
Persistent link: https://www.econbiz.de/10010268686
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10010268688
This paper analyzes an urn-ball matching model in which workers decide how intensively they sample job openings and apply at a stochastic number of suitable vacancies. Equilibrium is not constrained efficient; entry is excessive and search intensity can be too high or too low. Moreover, an...
Persistent link: https://www.econbiz.de/10010268694
This paper proposes a new unified theory of sociobehavioral forces. The goal of the new theory is to integrate theories … characteristics, and primordial sociobehavioral outcomes. The unified theory posits the operation of three sociobehavioral forces … distinctive identity and a distinctive magnitude of happiness. Thus, the theory enables systematic and parsimonious analysis of …
Persistent link: https://www.econbiz.de/10010268702
We consider an artificial population of forward looking heterogeneous agents making decisions between schooling, employment, employment with training and household production, according to a behavioral model calibrated to a large set of stylized facts. Some of these agents are subject to policy...
Persistent link: https://www.econbiz.de/10010268703
received no attention in the new trade theory and the new economic geography. We set up a simple monopolistic competition model … very strong congestion force associated with competition for land, unless the consumers' desire of variety (as expressed by …
Persistent link: https://www.econbiz.de/10010268704
different incentive mechanisms emphasize competition (via the perceived intentions of others) and entitlements (via the …
Persistent link: https://www.econbiz.de/10010268709
In this paper we survey the recent developments in two empirical literatures at the crossroads of labor and urban economics: Studies about localized human capital externalities (HCE) and about the urban wage premium (UWP). After surveying the methods and main results of each of these two...
Persistent link: https://www.econbiz.de/10010268714
Gender Based Taxation (GBT) satisfies Ramsey's optimal criterion by taxing less the more elastic labor supply of (married) women. This holds when different elasticities between men and women are taken as exogenous and primitive. But in this paper we also explore differences in gender...
Persistent link: https://www.econbiz.de/10010268723