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more than Europeans due to a coordination failure. Studies show that utility falls with other people's income, a negative … model and data on work time are used to obtain an estimate of the US welfare gain from reducing its work time to Europe …'s level. On the other hand, if neither EU nor US work time is optimal, then the sign of the EU-to-US welfare difference is …
Persistent link: https://www.econbiz.de/10010258175
Market productivity is often greater, and leisure and other household activities more enjoyable, when people perform them simultaneously. Beyond pointing out the positive externalities of synchronicity, economists have not attempted to identify exogenous causes that affect timing. We develop a...
Persistent link: https://www.econbiz.de/10003304674
coordination costs. Our study investigates this trade-off in a complex team task with high effort costs in a natural setting. We …
Persistent link: https://www.econbiz.de/10012125293
adverse labor market conditions. Unlike existing coordination-friction economies with fixed search intensity, the model can …
Persistent link: https://www.econbiz.de/10013324972
specialized jobs. We designed and implemented a targeted employer survey to measure the extent of coordination in work processes …. We link this firm-level coordination measure to administrative data and find that firms with a more coordinated work …
Persistent link: https://www.econbiz.de/10013468248
adverse labor market conditions. Unlike existing coordination-friction economies with fixed search intensity, the model can … are small and that search intensity is sufficiently procyclical. -- Matching function ; coordination frictions …
Persistent link: https://www.econbiz.de/10003755951
Persistent link: https://www.econbiz.de/10010257914
I consider a flexible framework of strategic interactions under incomplete information in which, prior to committing their actions (consumption, production, or investment decisions), agents choose the attention to allocate to an arbitrarily large number of information sources about the primitive...
Persistent link: https://www.econbiz.de/10010476378
Persistent link: https://www.econbiz.de/10014478611
. Agent-based computational methods are ideally suited for studying the aspects of growth most affected by coordination issues. …
Persistent link: https://www.econbiz.de/10014024370