Search Results - subject:"complementarities"

Educational Homogamy: Preferences or Opportunities?

Nielsen, Helena Skyt; Svarer, Michael - Centre for Applied Microeconometrics (CAM), Økonomisk … - 2006

educations of partners is explained by opportunities (e.g. low search frictions) or preferences (e.g. complementarities in … frictions in marriage markets of the educational institutions. The other half is attributed to complementarities in household …

Persistent link: https://www.econbiz.de/10005749458

Strategic Complementarities and Search Market Equilibrium

Rauh, Michael T. - Department of Business Economics and Public Policy, … - 2006

identify necessary and sufficient conditions for strategic complementarities and prove existence of search market equilibrium … small near zero and support strategic complementarities. Price dispersion is therefore inherently incompatible with … strategic complementarities. Finally, we show that a major criticism of the literature, that agents act as if they know the …

Persistent link: https://www.econbiz.de/10005795892

The Reform of Corporate Governance in France

Panagiotopoulos, Miltiadis - Volkswirtschaftliche Fakultät, … - 2006

The publications about the transition of French corporate governance are controversial fluctuating between proposing the integration of socioeconomic qualities, to the fragmentation of different and persistent systems by the interdependence of their attributes, or the predominance of the...

Persistent link: https://www.econbiz.de/10005835688

Trade, demand spillovers, and industrialization : the emerging global middle class in perspective.

Desdoigts, Alain; Jaramillo, Fernando - Maison des Sciences Économiques, Université Paris 1 … - 2006

complementarities propagating increasing returns across industries and national boundaries, which eventually translate into a global …

Persistent link: https://www.econbiz.de/10005696794

Réplication des institutions et convergence des territoires

Perrin, Pierre - In: Revue d'économie régionale et urbaine juillet (2006) 2, pp. 281-301

The prediction of an institutional convergence between territories by institutional replication, must take into account the interdependence of institutions which characterizes the identity of territories, more than the replication itself. Basing the interdependence of institutions on the...

Persistent link: https://www.econbiz.de/10008926832

Socially Optimal Coordination: Characterization and Policy Implications

Angeletos, George-Marios; Pavan, Alessandro - Center for Mathematical Studies in Economics and … - 2006

In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity in actions. These models deliver promising positive properties, such as heightened inertia and volatility. But they also raise important normative questions, such as whether...

Persistent link: https://www.econbiz.de/10008597115

Complementarities and Macroeconomics: Poisson Games

Makris, Miltiadis - Business School, University of Exeter - 2006

In many situations in macroeconomics strategic complementarities arise, and agents face a coordination problem. An …

Persistent link: https://www.econbiz.de/10008852495

How Well Does a Small Structural Model with Sticky Prices and Wages Fit Postwar U.S. Data?

Matheron, Julien; Poilly, Céline - Théorie Économique, Modélisation, Application … - 2006

In this paper, we ask whether a small structural model with sticky prices and wages, embedding various modelling devices designed to increase the degree of strategic complementarity between price-setters, can fit postwar US data. To answer this question, we resort to a two-step empirical...

Persistent link: https://www.econbiz.de/10005328277

Contracting With Synergies

Edmans, Alex; Goldstein, Itay; Zhu, John - C.E.P.R. Discussion Papers - 2013

This paper studies multi-agent optimal contracting with cost synergies. We model synergies as the extent to which effort by one agent reduces his colleague's marginal cost of effort. An agent's pay and effort depend on the synergies he exerts, the synergies his colleagues exert on him and,...

Persistent link: https://www.econbiz.de/10011083428

Contracting With Synergies

Edmans, Alex; Goldstein, Itay; Zhu, John - C.E.P.R. Discussion Papers - 2013

Persistent link: https://www.econbiz.de/10011083625