منابع مشابه
Overlapping Labour Markets
Overlapping labour markets arise when some types of workers do not meet employers with some types of jobs. For example, skilled workers could seek high-skill or low-skill jobs, but low skill workers could be limited to low-skill jobs. The paper derives conditions for equilibrium and efficiency, distinguishes reducible from irreducible overlapping labour markets, and describes distributional imp...
متن کاملLabour Information Utilization by Farmers in SW Nigeria
Farmers need up to date information on efficient use and management of labour for agricultural production. Yet, they lack adequate and needed information. Hence, this study was undertaken to explore the sources and use of labour information by farmers in southwestern Nigeria. Multi-stage sampling procedure was used to select respondents for the study. Primary data were collected to elicit infor...
متن کاملAsymmetric Information, Reputation, and Welfare in Online Credit Markets
This paper studies the impact of reputation/feedback systems on the operation of online credit markets using data from Prosper.com. The ability of lenders to recover their loans is one of the main concerns in these markets, where the problems of asymmetric information are two-fold. On the one hand, borrowers differ in their inherent risks; on the other hand, additional incentives are necessary ...
متن کاملCan Social Networks Help Mitigate Information Asymmetry in Online Markets?
This study examines whether online social networks can help mitigate information asymmetry in online markets, and if so, what aspects of these networks generate value for market participants. Using a comprehensive dataset on transactions and social network information in an online peerto-peer lending market, Prosper.com, we empirically study the linkage between borrowers' social network positio...
متن کاملSupplementary online material to “ Information tradeoffs in dynamic financial markets ”
In this document I address how the information-market equilibrium works in an economy with more than two periods by deriving the value of information in the limiting case of continuous time and infinite horizon. This is meant as a robustness check to show that complementarities obtain even when the model features interim dividend payouts, interim consumption and a long horizon. A further motiva...
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ژورنال
عنوان ژورنال: Oxford Review of Economic Policy
سال: 2018
ISSN: 0266-903X,1460-2121
DOI: 10.1093/oxrep/gry005