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Unionized Labor Market and Regulation of Monopoly

Jellal, Mohamed - 2009

In developing countries, empirical evidence suggests that labor unions entail a positive wage gap for unionized workers, in particular in monopolistic and publicly controlled firms. In this paper, we analyze how the presence of a labor union affects the regulation of a monopoly under asymmetric...

Persistent link: https://www.econbiz.de/10015218165

e-Communications: Investment and the Regulatory Framework

Jones, Siôn; Jones, Pau - 2006

The EU regulatory framework for e-communications was adopted by the European Parliament and the Council in 2002, and became applicable from 2003. It has three primary objectives: (1) to promote competition; (2) to develop the single market; and (3) to promote citizens' rights. The European...

Persistent link: https://www.econbiz.de/10015229935

Regulatory risk, vertical integration, and upstream investment

Fiocco, Raffaele; Guo, Dongyu - 2020

We investigate the impact of regulatory risk on vertical integration and upstream investment by a regulated firm that provides an essential input to downstream competitors. Regulatory risk reflects uncertainty about the regulator's commitment to a regulatory policy that promotes the regulated...

Persistent link: https://www.econbiz.de/10015266181

Information Choice in Financial Markets

Astaiza-Gómez, José Gabriel - 2021

The decision process of an investor who must screen information of varying quality in a stock market with heterogeneous investors leads to new dimensions to consider in the risk-return space. More volatile forecast errors make it more difficult to properly form expectations from forecasts....

Persistent link: https://www.econbiz.de/10015214097

Does the Better-Than-Average Effect Show That People Are Overconfident?: An Experiment.

Benoît, Jean-Pierre; Dubra, Juan; Moore, Don - 2009

We conduct a proper test of the claim that people are overconfident, in the sense that they believe that they are better than others. The results of the experiment we present do not allow us to reject the hypotheses that the data has been generated by perfectly rational, unbiased, and...

Persistent link: https://www.econbiz.de/10015215497

Auctions with Dynamic Populations: Efficiency and Revenue Maximization

Said, Maher - 2008

We examine an environment where objects and privately-informed buyers arrive stochastically to a market. The seller in this setting faces a sequential allocation problem with a changing population. We characterize the set of incentive compatible allocation rules and provide a generalized revenue...

Persistent link: https://www.econbiz.de/10015216671

Auctions with Dynamic Populations: Efficiency and Revenue Maximization

Said, Maher - 2009

Persistent link: https://www.econbiz.de/10015216708

Auctions with Dynamic Populations: Efficiency and Revenue Maximization

Said, Maher - 2009

We study a setting where objects and privately-informed buyers arrive stochastically to a market. A seller in this setting faces a sequential allocation problem with a dynamic population. We derive both efficient and revenue-maximizing incentive compatible direct mechanisms. Our main result...

Persistent link: https://www.econbiz.de/10015217921

Not so cheap talk: a model of advice with communication costs

Hertel, Jo; Smith, John - 2009

identical for both sender and receiver. Additionally, the sender incurs a communication cost which is increasing in the … applied to the case where communication is costless but preferences diverge. Additionally, we model the competency of the … decreasing in the likelihood of the mistake. When the preferences between players diverge and when there are communication costs …

Persistent link: https://www.econbiz.de/10015218015

Social Welfare in Search Games with Asymmetric Information

Bavly, Gilad; Heller, Yuval; Schreiber, Amnon - 2020

We consider games in which players search for a hidden prize, and they have asymmetric information about the prize's location. We study the social payoff in equilibria of these games. We present sufficient conditions for the existence of an equilibrium that yields the first-best payoff (i.e.,...

Persistent link: https://www.econbiz.de/10015218386