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When workers are faced with the threat of unemployment, their relationship with a particular firm becomes valuable. As … market characterized by exogenous unemployment. However, stronger competition for labor does not impair labor market …
Persistent link: https://www.econbiz.de/10009004025
We consider a Rothschild-Stiglitz-Spence labour market screening model and employ a centralised mechanism to coordinate the efficient matching of workers to firms. This mechanism can be thought of as operated by a recruitment agency, an employment office or head hunter. In a centralised...
Persistent link: https://www.econbiz.de/10005739652
institutions. …
Persistent link: https://www.econbiz.de/10008633332
political pressure to reduce corruption if financial institutions are missing. Our model is based on the fact that corrupt … the rents from corruption. In a probabilistic voting model, we show that a lack of financial institutions can lead to more …-functioning financial institutions, in turn, can increase the political support for anti-corruption measures. …
Persistent link: https://www.econbiz.de/10005785864
The effects of ISO 9000 diffusion on trade and FDI have gone understudied. We employ panel data reported by OECD nations over the 1995-2002 period to estimate the impact of ISO adoptions on country-pair economic relations. We find ISO diffusion to have no effect in developed nations, but to...
Persistent link: https://www.econbiz.de/10005785865
powerful institutions to sanction free-riders. The idea of the mechanism is to require players to commit to the public good by …
Persistent link: https://www.econbiz.de/10005739660
substitute some functions of missing institutions, for example, enforcing contracts. We investigate this by setting up a model …
Persistent link: https://www.econbiz.de/10005739699