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14.661 Labor Economics I, Fall 2006

Pischke, Jorn-Steffen; Angrist, Joshua - 2006

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...

Persistent link: https://www.econbiz.de/10009432547

Safer Ratios, Riskier Portfolios: Banks? Response to Government Aid

Duchin, Ran - 2011

We study the effect of government assistance on bank risk taking. Using hand-collected data on bank applications for … government investment funds, we investigate the effect of both application approvals and denials. To distinguish banks? risk … banks approve riskier loans and shift investment portfolios toward riskier securities. However, this shift in risk occurs …

Persistent link: https://www.econbiz.de/10009482955

The Demand for Specialty-Crop Insurance: Adverse Selection and Inefficiency

Richards, Timothy J.; Mischen, Pamela - 1998

The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...

Persistent link: https://www.econbiz.de/10009442641

How Information Design Shapes Optimal Selling Mechanisms

Pham, Hien - 2023

A monopolistic seller jointly designs allocation rules and (new) information about a pay-off relevant state to a buyer with private types. When the new information flips the ranking of willingness to pay across types, a screening menu of prices and threshold disclosures is optimal. Conversely,...

Persistent link: https://www.econbiz.de/10015213256

Politics and income taxes: progress and progressivity

Berliant, Marcus; Boyer, Pierre - 2024

This paper begins with a survey of the literature on the political economy approaches to labor income taxation. We focus on recent progress made by examining in detail the specific properties of non-linear taxes derived in the context of voting. Next, we present new results on the existence of...

Persistent link: https://www.econbiz.de/10015213424

How Information Design Shapes Optimal Selling Mechanisms

Pham, Hien - 2023

Persistent link: https://www.econbiz.de/10015213486

How Information Design Shapes Optimal Selling Mechanisms

Pham, Hien - 2023

Persistent link: https://www.econbiz.de/10015213500

How Information Design Shapes Optimal Selling Mechanisms

Pham, Hien - 2023

Persistent link: https://www.econbiz.de/10015213527

On the efficiency properties of the Roy’s model under uncertainty and market incompleteness

Mendolicchio, Concetta; Pietra, Tito - 2024

We consider Roy’s economies with perfectly competitive labor markets and uncertainty. Firms choose their investments in physical capital before observing the characteristics of the workers that they will hire. We provide conditions under which equilibrium allocations are constrained Pareto...

Persistent link: https://www.econbiz.de/10015213562

On the political economy of nonlinear income taxation

Berliant, Marcus; Gouveia, Miguel - 2024

The literatures dealing with voting, optimal income taxation, implementation, and pure public goods are drawn on here to address the problem of voting over income taxes to finance a public good. In contrast with previous articles, general nonlinear income taxes that affect the labor-leisure...

Persistent link: https://www.econbiz.de/10015213626