Global ETD Search

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Showing 1 to 3 of 3 for “"Free entry condition"”.

  1. Three Essays on Search: Optimal Policy with Heterogeneous Workers

    … the hold-up problem. Given overall labor market condition, equilibrium is determined by free entry condition, optimal productivity investment decision, the participation constraint plus the steady state conditions. In this model I also show that heterogeneity is not the cause of multiplicity. The …

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  2. Essays on International Trade and Business Cycles

    … The approach relies on cost minimization and free entry condition with frictions, which allows decomposing sources of economies of scale into a sloping marginal cost curve and fixed cost. The US manufacturing industry data show that industry-level economies of scale are more strongly …

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  3. Essays on Bargaining and Markets

    Chapter 1: Inefficiency in a Frictionless Market Gale and Sabourian (2006) discuss the existence of inefficient Markov-perfect equilibrium (MPE) in a heterogeneous market. This paper shows that the example they provide cannot be supported as a MPE. Indeed, with two buyers and two sellers, the …

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