Showing 1 - 10 of 498
We consider an economy in which firms need to invest in capital before they can advertise a job, while applicants may have to compete for jobs. Our aim is to investigate how this competition affects the investment decisions of firms. Our first result shows that the economy always generates the...
Persistent link: https://www.econbiz.de/10010261761
Auctions are a popular way to raise money for charities, but relatively little is known, either theoretically or empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should garner more money than winner-pay auctions. We conduct...
Persistent link: https://www.econbiz.de/10010271934
We investigate the emergence of discrimination in an experiment where individuals affiliated to different groups compete for a monetary prize, submitting independent bids to an auctioneer. The auctioneer receives perfect information about the bids (i.e. there is no statistical discrimination),...
Persistent link: https://www.econbiz.de/10010282262
. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …
Persistent link: https://www.econbiz.de/10010269056
. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …
Persistent link: https://www.econbiz.de/10005070428
We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out separate … preferences of risk-averse individuals with decreasing absolute risk aversion. …
Persistent link: https://www.econbiz.de/10010262091
In this paper we use a direct measure of individual risk-aversion to examine the relationship between risk-aversion and … unemployment. The traditional search model predicts that more risk-averse individuals have lower reservation wages and thus are … suggest that more risk-averse individuals are more likely to be unemployed. …
Persistent link: https://www.econbiz.de/10010276082
This paper considers a random search model where some locations provide sellers with better chances of meeting many buyers than other locations (for example popular shopping streets or the first page of a search engine). When sellers are heterogeneous in terms of the quality of their product...
Persistent link: https://www.econbiz.de/10014533898
This paper uses a unique data set of Latin American paintings auctioned by Sotheby's between 1995 and 2002 to investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the provenance of the artwork, omitted variables in most...
Persistent link: https://www.econbiz.de/10010268627
We investigate the relationship between the time politicians stay in office and the functioning of public procurement. To this purpose, we collect a data set on the Italian municipal governments and all the procurement auctions they administered between 2000 and 2005. Identification is achieved...
Persistent link: https://www.econbiz.de/10010269756