Imperfections in labor markets and the scope of the firm

Article Abstract:

Adverse selection and worker uncertainty about job preferences have been known to prod firms to offer a wider selection of jobs for potential employees. The equilibrium wage structure for firms without a wide array of jobs is characterized by retention job offers increasing in ability, which is not found in firms with various jobs to offer potential employees. A study shows that the interaction between uncertain preferences and adverse selection results in a second-best, second-period allocation of workers across jobs and that the scope of integration is wider than the first-best outcome.

Research, Labor market, Employee selection

---

Industry equilibrium, uncertainty, and futures markets

Article Abstract:

Competitive long-run industry equilibrium with uncertainty and futures trading is investigated. Bias (backwardation or contango) develops in a long-run industry equilibrium under uncertain demand and risk aversion. The bias relies on the presence of risk premium and the duration of the period. A risk-neutral company has excess capacity under additive risk when the supply is uncertain but has appropriate capacity under multiplicative risk.

Analysis, Economic aspects, Risk (Economics), Futures, Equilibrium (Economics), Uncertainty

---

Entry deterrence and signaling in markets for search goods

Article Abstract:

Entrant stores may easily signal high quality of products to consumers when locating the store does not cost more time and effort. This factor can serve as a deterrent for consumers who are immediately attracted to an incumbent store's quality signal through high prices. This also supports another signaling model where the entrant can compare its quality signal to the incumbent's exposed strategy information.

Marketing Management, Management, Product quality, Marketing, Consumer behavior

Similar abstracts:

• Abstracts: Strategic marketing planning, environmental uncertainty and performance. New product introductions and failures under uncertainty
• Abstracts: Oligopoly or contestable markets in the UK package tour industry? Magical Maui
• Abstracts: 5 questions that will change your life for the best. We all want the best education for our kids. 20 questions you'd want to ask Echo Bodine, ghostbuster
• Abstracts: Exploring the role of the reading situation and the cognitive type of individual on the impact of advertising
• Abstracts: Interpersonal stress reactions and service quality responses among hospitality industry employees. part 2 The Human Resource Management in the Hospitality Industry annual conference report

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.