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Interviewing in Two-Sided Matching Markets
Lee, Robin S. - 2009
We introduce the interview assignment problem, which generalizes the one-to-one matching model of Gale and Shapley (1962) by introducing a stage of costly information acquisition. Firms learn preferences over workers via costly interviews. Even if all firms and workers conduct the same number of...
Persistent link: https://www.econbiz.de/10013160336
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Selection in Surveys
Dutz, Deniz; Huitfeldt, Ingrid; Lacouture, Santiago; … - 2022
We evaluate how nonresponse affects conclusions drawn from survey data and consider how researchers can reliably test … and correct for nonresponse bias. To do so, we examine a survey on labor market conditions during the COVID-19 pandemic … that used randomly assigned financial incentives to encourage participation. We link the survey data to administrative data …
Persistent link: https://www.econbiz.de/10013311888
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Screening Peers Softly : Inferring the Quality of Small Borrowers
Iyer, Rajkamal - 2014
The recent banking crisis highlights the challenges faced in credit intermediation. New online peer-to-peer lending markets offer opportunities to examine lending models that primarily cater to small borrowers and that generate more types of information on which to screen. This paper evaluates...
Persistent link: https://www.econbiz.de/10013070868
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All Banks Great, Small, and Global : Loan Pricing and Foreign Competition
de Blas, Beatriz - 2010
Can allowing foreign participation in the banking sector increase real output, despite the imperfectly competitive nature of the industry? Using a new model of heterogeneous, imperfectly competitive lenders and a simple search process, we show how endogenous markups (the net interest margin...
Persistent link: https://www.econbiz.de/10013142941
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Intellectual Property Rights, Imitation, and Foreign Direct Investment : Theory and Evidence
Branstetter, Lee - 2010
This paper theoretically and empirically analyzes the effect of strengthening intellectual property rights in developing countries on the level and composition of industrial development. We develop a North-South product cycle model in which Northern innovation, Southern imitation, and FDI are...
Persistent link: https://www.econbiz.de/10012760176
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Collateral Damage : Exchange Controls and International Trade
Wei, Shang-Jin - 2010
While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...
Persistent link: https://www.econbiz.de/10012760195
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Ldc's Foreign Borrowing and Default Risk : an Empirical Investigation
Edwards, Sebastian - 2010
This paper investigates to what extent the international financial community has taken into account the risk characteristics of borrowing less developed countries when granting loans. Specifically, this study analyzes the determinants of the spread between the interest rate charged to a...
Persistent link: https://www.econbiz.de/10012763035
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Re-Emerging Markets
Jorion, Philippe - 2010
Recent research shows that emerging markets are distinguished by high returns and low covariances with global market factors. These are striking results because of their immediate implications for the international investor. One key issue is whether these results may be attributed to recent...
Persistent link: https://www.econbiz.de/10012763668
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Volatility, Investment and Disappointment Aversion
Aizenman, Joshua - 2010
This study uncovers a statistically significant negative correlation between volatility and private investment over the 1970-93 period in a set of almost fifty developing countries and provides a possible interpretation of this result by using the disappointment- aversion expected utility...
Persistent link: https://www.econbiz.de/10012763700
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Understanding Financial Crises : A Developing Country Perspective
Mishkin, Frederic S. - 2000
This paper explains the puzzle of how a developing economy can shift from a path of reasonable growth before a financial crisis, as in Mexico in 1994, to a sharp decline in economic activity after a crisis occurs. It does so by outlining an asymmetric information framework for analyzing banking...
Persistent link: https://www.econbiz.de/10012789112