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The costs of vertical integration are analyzed within a game-theoretic signaling model. It is shown that a company when being vertically integrated with a supplier may well decide to buy certain components from this supplier even at a lower quality than that offered by external sources. When the...
Persistent link: https://www.econbiz.de/10005703228
In this article, we use a stylized model of the labor market to investigate the effects of three alternative and well-known bargaining solutions. We apply the Nash, the Egalitarian and the Kalai-Smorodinsky bargaining solutions in the small firm’s matching model of unemployment. To the best of...
Persistent link: https://www.econbiz.de/10008564709
Using a rich sample of admission records from New Orleans Touro Infirmary, we examine the in-hospital mortality risk of … likely to die in the hospital than the whites. We analyze the determinants of in-hospital mortality at Touro using Oaxaca … based on the selective hospital admission of slaves. …
Persistent link: https://www.econbiz.de/10005703479
central problems in public finance, including the optimal structure of health insurance and optimal life cycle savings. In …
Persistent link: https://www.econbiz.de/10004969336
partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …
Persistent link: https://www.econbiz.de/10011265290
What do labor income dynamics look like over the life-cycle? What is the relative importance of persistent shocks, transitory shocks and heterogeneous profiles? To what extent do taxes, transfers and the family attenuate these various factors in the evolution of life-cycle inequality? In this...
Persistent link: https://www.econbiz.de/10010764592
) investment/savings and (c) insurance/assurance Using FinScope dataset from South Africa over the period 2003 to 2009,ordered …
Persistent link: https://www.econbiz.de/10010766375
categorised in three types namely; general accounts and services, investment/savings and insurance/assurance. Taking into account …
Persistent link: https://www.econbiz.de/10010766378
aspect of the EITC that has received little attention thus far is its role as a public insurance program. Yet, the structure … to both wages and changes in family structure. Our study provides the first quantitative statement about the insurance … demographic risk, but have only limited self-insurance capacity. We use the model to compare outcomes under the EITC to the …
Persistent link: https://www.econbiz.de/10010884161
Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the … a "purchase of self-insurance" motive to remit, we also provide evidence of more remittances sent by risk averse …
Persistent link: https://www.econbiz.de/10010884255