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In this paper, we define a tractable procedure to measure worker incomplete information in the labor market. The procedure, which makes use of earnings distribution skewness, is based on econometric frontier estimation techniques, and is consistent with search theory. We apply the technique to...
Persistent link: https://www.econbiz.de/10003085752
Persistent link: https://www.econbiz.de/10015176162
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In this paper, we define a tractable procedure to measure worker incomplete information in the labor market. The procedure, which makes use of earnings distribution skewness, is based on econometric frontier estimation techniques, and is consistent with search theory. We apply the technique to...
Persistent link: https://www.econbiz.de/10010259920
Persistent link: https://www.econbiz.de/10009567879
This paper shows that the opportunity costs resulting from economic interdependence decrease the equilibrium probability of war in an incomplete information game. This result is strongly consistent with existing empirical analyses of the inverse trade-conflict relationship, but is the opposite...
Persistent link: https://www.econbiz.de/10003784394
In this paper, we define a tractable procedure to measure worker incomplete information in the labor market. The procedure, which makes use of earnings distribution skewness, is based on econometric frontier estimation techniques, and is consistent with search theory. We apply the technique to...
Persistent link: https://www.econbiz.de/10013318300
Persistent link: https://www.econbiz.de/10012881656
Persistent link: https://www.econbiz.de/10001241821
Persistent link: https://www.econbiz.de/10001345866