Showing 1 - 10 of 224
After a decade of structural reforms, unemployment rates have tripled in Argentina. This paper is concerned with the measurement of unemployment risk and its distribution. We show the importance of considering re-incidence in the measurement of risk and develop a methodology. Our estimates for...
Persistent link: https://www.econbiz.de/10011131788
After a decade of structural reforms, unemployment rates have tripled in Argentina. This paper is concerned with the measurement of unemployment risk and its distribution. We show the importance of considering re-incidence in the measurement of unemployment risk and develop a methodolgy to do...
Persistent link: https://www.econbiz.de/10005784596
Persistent link: https://www.econbiz.de/10008541337
Persistent link: https://www.econbiz.de/10005175557
We develop a general model of lending in the presence of endogenous borrowing constraints. Borrowing constraints arise because borrowers face limited liability and debt repayment cannot be perfectly enforced. In the model, the dynamics of debt are closely linked with the dynamics of borrowing...
Persistent link: https://www.econbiz.de/10005503979
This paper presents a model of cumulative innovation where firms are heterogeneous in their research ability. We study the optimal reward policy when the quality of the ideas and their subsequent development effort are private information. The optimal assignment of property rights must...
Persistent link: https://www.econbiz.de/10005498535
This paper empirically examines the effects of market size on producers' sizes in retail trade industries with many producers. A robust prediction of oligopoly theory is that larger markets are more competitive and have lower price-cost markups. Because producers in more competitive markets must...
Persistent link: https://www.econbiz.de/10005419905
Entry restrictions are a common form of regulation in markets and occupations, either as a means of limiting the size of a market or affecting the quality of products or services provided by it. This paper analyzes demand, cost and informational characteristics that affect the impact of this...
Persistent link: https://www.econbiz.de/10005371328
Persistent link: https://www.econbiz.de/10005413470
We study an optimal patent problem in the spirit of Hopenhayn, et al (2006), but where all innovations arise from two repeated innovators. Following Hopenhayn, et al (2006) we divide patent regimes into those that are exclusive, in the sense that only one firm ever has a claim on the current...
Persistent link: https://www.econbiz.de/10011080873