Showing 1 - 10 of 16
A seller dynamically sells a divisible good to a buyer. It is common knowledge that there are gains from trade and that the gains per unit are decreasing. Payoffs are interdependent as in Akerlof's market for lemons. The seller is informed about the good's quality. The buyer makes an offer in...
Persistent link: https://www.econbiz.de/10010862058
This paper exploits a national university reform, introduced in Italy with an exogenous timing and an unintended delay of treatment scheme, to identify the impact on higher education participation of shortening the degree duration of the first-tier university studies. Using a degree-specific...
Persistent link: https://www.econbiz.de/10010862071
Theoretical considerations suggest that workers holding temporary contracts should accumulate more general human capital than workers under permanent contracts. Using matched employer-employee data, we find empirical support for this hypothesis, by showing that dismissed temporary workers are...
Persistent link: https://www.econbiz.de/10010862072
The goal of this paper (in Italian) is to assess the impact of consumers’ incentives to building renovations – introduced in Italy in 1997 by means of tax reimbursements – on construction sector’s economic activity. Our analysis – which absent any sectional variability in the policy...
Persistent link: https://www.econbiz.de/10010739258
This paper aims to analyze phenomena such as the diffusion of non-standard work and the incidence of low-paid work from a distinctive, and generally neglected angle: that of occupations. Much can be gained from a more fine-grained analysis of labour market dynamics that casts light on which...
Persistent link: https://www.econbiz.de/10010743401
We study dynamic contracting with adverse selection and limited commitment. A firm (the principal) and a worker (the agent) interact for potentially infinitely many periods. The worker is privately informed about his productivity and the firm can only commit to short-term contracts. The ratchet...
Persistent link: https://www.econbiz.de/10011185175
We study the relative performance of disclosure and auditing in organizations. We consider the information transmission problem between two decision makers who take actions at dates 1 and 2 respectively. The first decision maker has private information about a state of nature that is relevant...
Persistent link: https://www.econbiz.de/10010941704
We examine the buyer-seller problem under different levels of commitment. The seller is informed of the quality of the good, which affects both his cost and the buyer's valuation, but the buyer is not. We characterize the allocations that can be achieved through mechanisms in which, unlike with...
Persistent link: https://www.econbiz.de/10008641790
This paper analyzes the optimal provision of incentives in a sequential testing context. In every period the agent can acquire costly information that is relevant to the principal's decision. Neither the agent's effort nor the realizations of his signals are observable. First, we assume that the...
Persistent link: https://www.econbiz.de/10005013032
Nell’ultimo decennio vi è stata una vasta diffusione di forme atipiche di lavoro. In questo contesto, nel nostro paese hanno visto larga diffusione i contratti di collaborazione coordinata e continuativa. Essi presentano tutti i requisiti per affiancare un più tradizionale rapporto a tempo...
Persistent link: https://www.econbiz.de/10005765463