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market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand … case for possible application to the electricity market and discusses the implications of the results. In the literature … and demand response in the power market and their relationships. It enhances demand response in the electricity market …
Persistent link: https://www.econbiz.de/10013104681
A recent debate raises the question whether market interaction erodes social responsibility. In an experiment, we … disentangle three major characteristics of market interaction, diffusion of responsibility, social information, and market framing … larger extent if the economic transaction is framed as a market. In contrast, social information increases social …
Persistent link: https://www.econbiz.de/10013016248
be explained by labor market constraints among the low skilled and underemployment among low-educated single mothers … work preferences and the extent to which actual choices are constrained on the labor market …
Persistent link: https://www.econbiz.de/10012948689
We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross-section data and can allow for mixtures of...
Persistent link: https://www.econbiz.de/10013118049
This paper finds declining consumption expenditure between paydays, for a typical household in the working population of the UK. The magnitude is inconsistent with exponential time preference, but compatible with quasi-hyperbolic discounting. However, the hyperbolic model predicts that credit...
Persistent link: https://www.econbiz.de/10013318839
Understanding the selection of workers into informality is a policy priority to design programs to increase formalization across Sub-Saharan Africa, where nine out of ten workers are informal. This paper estimates a model of self-selection with entry barriers into the formal sector to identify...
Persistent link: https://www.econbiz.de/10014076712
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of … buyer is the efficient outcome if and only if meetings are bilateral. In contrast, a single market with all agents is …
Persistent link: https://www.econbiz.de/10012990861
It has been recently argued that the informal sector of the labor market in a developing economy shows a dual structure … with one part of it being competitive to the formal sector and another part being the result of market segmentation. To … results for the urban labor market in Côte d'Ivoire indeed show existence of both competitive and segmented employment in the …
Persistent link: https://www.econbiz.de/10013317402
this fact, we develop a two-stage wage-posting game with market imperfections and segmented markets, the solution to which … potentially affect the magnitude of the firm-size wage gaps. The second explanation features a market-based framework with …
Persistent link: https://www.econbiz.de/10013012809
We study the impact of and reward to middle management ability using data from 245 stores of a nationwide retailer. The company scores six broad areas of management practice, the most important of which turns out to be "commercial awareness", where able managers raise labour productivity by 17%...
Persistent link: https://www.econbiz.de/10013325029