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Competition and relational contracts : the role of unemployment as a disciplinary device
Brown, Martin; Falk, Armin; Fehr, Ernst - 2011
When workers are faced with the threat of unemployment, their relationship with a particular firm becomes valuable. As a result, a worker may comply with the terms of a relational contract that demands high effort even when performance is not enforceable by a third party. But can relational...
Persistent link: https://www.econbiz.de/10009012618
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Disaggregate matching functions
Fahr, René; Sunde, Uwe - 2001
This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of … the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is …
Persistent link: https://www.econbiz.de/10011403040
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Firm wages in a frictional labor market
Rudanko, Leena - 2018
This paper studies a labor market with directed search, where multi-worker firms follow a firm wage policy: They pay equally productive workers the same. The policy reduces wages, due to the influence of firms’ existing workers on their wage setting problem, increasing the profitability...
Persistent link: https://www.econbiz.de/10011971300
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The effect of search frictions on wages
Berg, Gerard J. van den; Vuuren, Aico van - 2005
explanations for) positive assortative matching. …
Persistent link: https://www.econbiz.de/10011349215
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On-the-Job Search and Labor Market Reallocation
Tasci, Murat - 2008
This paper studies amplification of productivity shocks in labor markets through on-the-job-search. There is incomplete information about the quality of the employee-firm match which provides persistence in employment relationships and the rationale for on-the-job search. Amplification arises...
Persistent link: https://www.econbiz.de/10012723659
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Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies
Eyigungor, Burcu - 2019
In a reasonably calibrated Mortensen and Pissarides matching model, shocks to average labor productivity can account …
Persistent link: https://www.econbiz.de/10012706057
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Disaggregate Matching Functions
Fahr, René; Sunde, Uwe - 2021
This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of … the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is …
Persistent link: https://www.econbiz.de/10013320863
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The Bankruptcy Auction as a Game - Designing an Optimal Auction in Bankruptcy
Rotem, Yaad; Dekel, Omer - 2013
distressed assets for the claimants’ benefit. Still, what is the optimal design of a bankruptcy auction? Does the method used to … execute a bankruptcy auction matter at all? Does one auction method fit all bankrupt firms? Surprisingly, these questions have … not been answered yet, as auction design in the specific context of bankruptcy has barely been studied. This paper …
Persistent link: https://www.econbiz.de/10014157553
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Fee-setting mechanisms : on optimal pricing by intermediaries and indirect taxation
Loertscher, Simon; Niedermayer, Andras - 2012
Mechanisms according to which private intermediaries or governments charge transaction fees or indirect taxes are prevalent in practice. We consider a setup with multiple buyers and sellers and two-sided independent private information about valuations. We show that any weighted average of...
Persistent link: https://www.econbiz.de/10010343810
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Fee-setting mechanisms : on optimal pricing by intermediaries and indirect taxation
Loertscher, Simon; Niedermayer, Andras - 2013
Mechanisms according to which private intermediaries or governments charge transaction fees or indirect taxes are prevalent in practice. We consider a setup with multiple buyers and sellers and two-sided independent private information about valuations. We show that any weighted average of...
Persistent link: https://www.econbiz.de/10011490374