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Vacancy durations: A model for employer's search

Weber, Andrea - 1997

This paper investigates a Dutch data set on vacancy durations and numbers of applicants to inquire employer's search strategies. A non-sequential search process assumes that most vacancies are filled from a pool of applicants, which is formed shortly after the posting of the vacancy. The time...

Persistent link: https://www.econbiz.de/10010291058

Auctions: A survey

Böheim, René; Zulehner, Christine - 1996

The importance of auction theory has gained increased recognition in the scientific community, the latest recognition … being the award of the Nobel price to Vickrey and Mirrlees. Auction theory has been used in quite different fields, both …

Persistent link: https://www.econbiz.de/10010291059

Prediction risk and the forecasting of stock market indexes

Haefke, Christian; Helmenstein, Christian - 1995

In most of the empirical research on capital markets, stock market indexes are used as proxies for the aggregate market development. In previous work we found that a particular market segment might be less efficient than the whole market and hence easier to forecast. In this paper we extend the...

Persistent link: https://www.econbiz.de/10010291063

The NAIRU-concept: A few remarks

Pichelmann, Karl; Schuh, Ulrich - 1996

This note gives a brief survey of main theoretical and empirical issues with respect to the NAIRU concept. According to modern labour market literature NAIRU is defined as the rate of unemployment at which inflation stabilizes in the absence of any wage-price surprises. Conventional thinking...

Persistent link: https://www.econbiz.de/10010291066

Heterogeneous consumers, vertical product differentiation and the rate of innovation

Zweimüller, Josef; Brunner, Johannes K. - 1996

distribution of income is favourable for innovation incentives. This is consistent with empirical evidence suggesting that …

Persistent link: https://www.econbiz.de/10010291067

Entry threat in Duopoly

Peitz, Martin - 1996

An oligopolistic market with vertical product differentiation is parametrized in cost parameters. This allows me to study the impact of the technology of the firms (cost parameters) on market structure, conduct, and performance. Firms which differ only by the order of the sequential move to...

Persistent link: https://www.econbiz.de/10010291068

Technology transfer with moral hazard

Choi, Jay Pil - 1996

This paper develops an incomplete contract model of the licensing relationship that is susceptible to the moral hazard problem. The optimal contractual form of licensing derived in the model generates predictions that seem to be consistent with actual practice. For instance, the introduction of...

Persistent link: https://www.econbiz.de/10010291075

Unanticipated money

Cooley, Thomas F.; Hansen, Gary D. - 1997

quantitative equilibrium business cycle theory. A stochastic growth model with money is constructed that has the feature, following …

Persistent link: https://www.econbiz.de/10010291076

Testing the Modigliani-Miller theorem directly in the lab: A general equilibrium approach

Qiu, Jianying; Mahagaonkar, Prashanth - 2009

In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...

Persistent link: https://www.econbiz.de/10010291078

Are earthquakes needed to shake economics?

Schettkat, Ronald - 2010

-'natural rate theory'- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the 'natural rate theory,' focusing on labor market institutions only and … confronts the economic trends with the interpretations of the 'natural rate theory' and argues that they hardly fitting the …

Persistent link: https://www.econbiz.de/10010291082