We explore the effects of taxes and subsidies on job creation, job destruction, employment, and wages in the Mortensen-Pissarides version of the search and matching equilibrium framework. Qualitative analytical results show that wage and employment subsidies increase employment, especially of low skill workers, and also increase wages. A job creation or hiring subsidy reduces unemployment durat...

The million-dollar question for stock investors is if the price of a stock will rise or not. The fluctuation of stock market is violent and there are many complicated financial indicators. Only people with extensive experience and knowledge can understand the meaning of the indicators, use them to make good prediction to get fortune. Most of other people can only rely on lucky to earn money fro...

In modern economies, most money takes the form of inside money; deposits created by commercial banks to fund credit extension. Because is used as a payment instrument, doubts about risks associated with extension can affect aggregate outcomes. This paper constructs and analyzes model risky extension, creation, monetary exchange. When sufficiently risky, positive probability bank default arises ...

Online penny auctions, emerged recently, are seen as an adaptation of the famous dollar auction and as “the evil stepchild of game theory and behavioral economics.”We use the complete bid and bidder history at such a website to study if penny auctions can sustain excessive profits over time. The website we study is characterized by a revolving door of new bidders who lose money. A very small pe...

IT/IS hiring managers have indicated that they may use certification to differentiate between job candidates with similar levels of education and experience. Some studies and salary surveys have indicated that certified employees make more money and bonuses than noncertified workers. Despite the obvious benefits, some IS students choose not to pursue certification. This study will use the Theor...

irregular practitioners of medicine and surgery, who occupy to them the same relative position as quacks and bone-setters to European physicians and surgeons. The individuals referred to may be of any caste or profession, but are peculiar in one circumstance, that their skill has been exercised in the same line from father to son?often for many generations. The Brahmins, being as ready as their...

We study an oligopoly model of banking that allows us to evaluate the two leading explanations for banks’ ability to earn rents. In the model, banks can either invest in information acquisition, or in market power (through product differentiation). The two versions generate different predictions that are tested using panel data on Finnish local banks. We find that banks’ investments in branch n...

In this paper, we investigate the costs borne by both male and female carers in terms of their forgone formal employment opportunities. Traditionally, informal care was supplied by women but nowadays women are not only more likely to work, but also likely to be significant contributors to family finances. For women, this implies that the size of any forgone earnings cost of informal care is inc...