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Matching with Trade-offs: Revealed Preferences over Competing Characteristics

Galichon, Alfred; Salanié, Bernard - C.E.P.R. Discussion Papers - 2010

characteristics that the analyst does not observe. The social optimum must therefore trade off matching on incomes and matching on … set of feasible matchings and of the socially optimal matching. Then we show how data on the covariation of the types of …

Persistent link: https://www.econbiz.de/10008530351

How Large are Search Frictions?

Gautier, Pieter A; Teulings, Coen N - C.E.P.R. Discussion Papers - 2003

be attributed to unobserved components in those characteristics. An assignment model with search frictions provides a …

Persistent link: https://www.econbiz.de/10005666739

How Large are Search Frictions?

Gautier, Pieter A; Teulings, Coen N - C.E.P.R. Discussion Papers - 2005

the US we find strong evidence for a systematic concave relation. An assignment model with search frictions provides a …

Persistent link: https://www.econbiz.de/10005792202

Risk and the CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?

Edmans, Alex; Gabaix, Xavier - C.E.P.R. Discussion Papers - 2010

This paper presents a market equilibrium model of CEO assignment, pay and incentives under risk aversion and … heterogeneous moral hazard. Each of the three outcomes can be summarized by a single closed-form equation. In assignment models … without moral hazard, allocation depends only on firm size and the equilibrium is efficient. Here, talent assignment is …

Persistent link: https://www.econbiz.de/10008530386

Prudence in Bargaining: The Effect of Uncertainty on Bargaining Outcomes

White, Lucy - C.E.P.R. Discussion Papers - 2006

We investigate the outcome of bargaining when a player’s pay-off from agreement is risky. We find that a risk-averse player typically increases his equilibrium receipts when his pay-off is made risky. This is because the presence of risk makes individuals behave 'more patiently' in bargaining....

Persistent link: https://www.econbiz.de/10005666445

Union Wage Bargaining and European Antidumping Policy in Imperfectly Competitive Markets

Konings, Jozef; Vandenbussche, Hylke; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 1998

The purpose of this paper is to analyse the interaction between union bargaining power and the likelihood and type of European antidumping measures (duties and undertakings) in imperfectly competitive product markets. We present a simple theoretical model which is well embedded in EU legal...

Persistent link: https://www.econbiz.de/10005666696

The Choice and Timing of Foreign Market Entry under Uncertainty

Pennings, Enrico; Sleuwaegen, Leo - C.E.P.R. Discussion Papers - 2000

This paper sheds new light on why timing and entry mode should be considered simultaneously. We derive the profit levels at which it is optimal to switch from exporting to setting up a wholly owned subsidiary, creating a joint venture, or licensing production to a local firm. The preferred entry...

Persistent link: https://www.econbiz.de/10005792542

Learning by Doing and Multiproduction Effects Over the Life Cycle: Evidence from the Semiconductor Industry

Siebert, Ralph - C.E.P.R. Discussion Papers - 2003

In this study we derive a structural econometric model of learning by doing with multiproduct competition from a dynamic oligopoly game. We show the importance to account for multiproduction effects through product differentiation when measuring learning by doing. Using quarterly firm-level data...

Persistent link: https://www.econbiz.de/10005497705

A General Theory of Complex Living Systems: Exploring the Demand Side of Dynamics

Snooks, Graeme Donald - Research School of Economics, College of Business and … - 2007

Persistent link: https://www.econbiz.de/10004967976

Multinational Enterprises and New Trade Theory: Evidence for the Convergence Hypothesis

Barrios, Salvador; Görg, Holger; Strobl, Eric - C.E.P.R. Discussion Papers - 2001

According to the ‘convergence hypothesis’, multinational companies will tend to displace national firms and trade as … measures are then used to test the convergence hypothesis for a panel of data of country pairs over the years 1985-96. Our … results provide some empirical support for the convergence hypothesis. …

Persistent link: https://www.econbiz.de/10005504219