Showing 1 - 10 of 102
that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to the effect …
Persistent link: https://www.econbiz.de/10011867116
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10011397676
We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups … quantify TFP, demand and markups and show how they are correlated among them, across time and with measures obtained from other …
Persistent link: https://www.econbiz.de/10011417711
It is widely understood that the real price of globally traded commodities is determined by the forces of demand and … supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with …
Persistent link: https://www.econbiz.de/10011754229
framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes …. This in turn allows us to measure how changes in TFP-Q, demand and markups ultimately affected revenue TFP, as well as …-recession is due to both a weakening of demand and a decreasing TFP-Q pushing down sales, markups, revenue TFP and labour …
Persistent link: https://www.econbiz.de/10012387534
net cost of training (during the training period) are a major determinant for the demand for apprentices. Different count … data models, in particular hurdle models, are used to estimate the effect of net cost on the demand for apprentices. The … results show that the net cost has a significant impact on the training decision but no significant influence on the demand …
Persistent link: https://www.econbiz.de/10002734117
cost of tax farming is the ex-ante inefficiency due to the auction mechanism while a cost of direct collection is the ex …-post monitoring cost the government incurs to prevent theft. When the monitoring cost is high the government therefore allows tax …
Persistent link: https://www.econbiz.de/10002855576
This paper examines the impact of increasing the relative cost of fixed-term contracts on labor demand as well as the … demand for standard measures of human capital and specific skill requirements. We evaluate a 2018 Italian labor law reform … that raised the cost of fixed-term contracts while keeping permanent contract costs unchanged. We employ a difference …
Persistent link: https://www.econbiz.de/10014383624
This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by the agent, but also requires the use of an appropriate incentive contract...
Persistent link: https://www.econbiz.de/10003936681
In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...
Persistent link: https://www.econbiz.de/10003937114