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Search Intensity, Cost of Living and Local Labour Markets in Britain

Patacchini, Eleonora; Zenou, Yves - C.E.P.R. Discussion Papers - 2003

A model is considered in which optimal search intensity is a result of a trade-off between short-run losses due to higher search costs (more interviews, commuting...) and long-run gains due to a higher chance to find a job. We show that this optimal search intensity is higher in areas...

Persistent link: https://www.econbiz.de/10005067634

Common and Spatial Drivers in Regional Business Cycles

Artis, Michael J; Dreger, Christian; Kholodilin, Konstantin - C.E.P.R. Discussion Papers - 2009

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model with spatial correlation indicate that the relevance of common business cycle factors is rather stable over the past two decades in the euro area and the US. Ongoing business...

Persistent link: https://www.econbiz.de/10005666950

On Market Forces and Human Evolution

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002

This Paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces of natural selection are made weaker because trade allows people to specialize in those activities where they are strong, and to offset their weaknesses by purchasing adequate...

Persistent link: https://www.econbiz.de/10005504779

Managerial Leverage is Limited By the Extent of the Market: Hierarchies, Specialization and the Utilization of Lawyers' Human Capital

Garicano, Luis; Hubbard, Thomas - C.E.P.R. Discussion Papers - 2005

This paper examines hierarchies’ role in the organization of human-capital-intensive production. We develop an equilibrium model of hierarchical organization, then provide empirical evidence using confidential data on thousands of law offices from the 1992 Census of Services. We show how the...

Persistent link: https://www.econbiz.de/10005497763

The Demand for Coordination

Dessein, Wouter; Santos, Jesus - C.E.P.R. Discussion Papers - 2003

) Task specialization and the division of labour is mainly limited by employee discretion, rather than by the importance of … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit … complementary. Hence, lower communication costs often result in less specialization. …

Persistent link: https://www.econbiz.de/10005497860

Financial Integration, Specialization, and Systemic Risk

Fecht, Falko; Grüner, Hans Peter; Hartmann, Philipp - C.E.P.R. Discussion Papers - 2012

specialization benefits. …

Persistent link: https://www.econbiz.de/10011083631

The growing dependence of Britain on trade during the Industrial Revolution

Clark, Gregory; O'Rourke, Kevin Hjortshøj; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014

Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for trade in explaining British living standards or growth rates. We construct a three-region model of the world in which Britain trades with North America and the rest of the world,...

Persistent link: https://www.econbiz.de/10011083876

Equilibrium Unemployment Insurance

Hassler, John; Mora, Rodríguez; Vicente, José; … - C.E.P.R. Discussion Papers - 1999

In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical rational agents, but differing in the initial distribution...

Persistent link: https://www.econbiz.de/10005067497

A geometry of Specialization

Francois, Joseph; Nelson, Doug R - C.E.P.R. Discussion Papers - 1998

, specialization models lack a canonical representation. This is because they are both new and complex, characterized by multiple … such models, illustrating results from current research on specialization models, and explaining why one sub-class of these …

Persistent link: https://www.econbiz.de/10005656255

Geographical Disadvantage: A Heckscher-Ohlin-Von Thunen model of International Specialization

Limão, Nuno; Venables, Anthony J - C.E.P.R. Discussion Papers - 1999

We analyze the trade and production patterns of countries located at varying distances from an economic centre. Exports and imports of final and intermediate goods bear transport costs that increase with distance. We show how production and trade depend both on factor endowments and factor...

Persistent link: https://www.econbiz.de/10005661554