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Keyword: wage-supervision trade-off;
4 results found.
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We study whether independent-school competition involves a trade-off between pupil wellbeing and academic performance. To test this hypothesis, we analyse data covering pupils across the OECD, exploiting historical Catho...Read more...
1 February 2018
We provide a general characterization of which firms will select alternative ways of serving a market. If and only if firms' maximum profits are supermodular in production and marketaccess costs, more efficient firms wil...Read more...
Monika Mrázová and J. Peter Neary
31 October 2012
We exploit a natural experiment provided by the 1990 introduction of the UK National Minimum Wage (NMW) to investigate the relationship between wages and monitoring and to test for Efficiency Wages considerations in a lo...Read more...
This paper provides a fully micro-founded New Keynesian framework to study the interaction between oil price volatility, pricing behavior of firms and monetary policy. We show that when oil has low substitutability, firm...Read more...
Paul Castillo, Carlos Montoro and Vicente Tuesta