Search Results - "Prat, Julien"

Dynamic contracts when agent's quality is unknown by Jovanovic, Boyan, Prat, Julien

“…We solve a long-term contracting problem with symmetric uncertainty about the agent's quality, and a hidden action of the agent. As information about quality…”
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Globalization and labor market outcomes: Wage bargaining, search frictions, and firm heterogeneity by Felbermayr, Gabriel, Prat, Julien, Schmerer, Hans-Jörg

“…We introduce search unemployment into Melitz's trade model. Firms' monopoly power on product markets leads to strategic wage bargaining. Solving for the…”
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The rate of learning-by-doing: estimates from a search-matching model by Prat, Julien

“…We construct and estimate by maximum likelihood a job search model where wages are set by Nash bargaining and idiosyncratic productivity follows a geometric…”
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Employment Protection, Product Market Regulation and Firm Selection by Koeniger, Winfried, Prat, Julien

“…Why are firm and job turnover rates so similar across OECD countries? We argue that this may be due to the joint regulation of product and labour markets. For…”
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The impact of disembodied technological progress on unemployment by Prat, Julien

“…This paper studies the relationship between disembodied technological progress and unemployment in a standard search-matching model. We find that the sign of…”
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Reputation and earnings dynamics by Jovanovic, Boyan, Prat, Julien

“…Cyclical patterns in earnings can arise when contracts between firms and their workers are incomplete, and when workers cannot borrow or lend so as to smooth…”
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Human capital and optimal redistribution by Koeniger, Winfried, Prat, Julien

“…We characterize optimal redistribution in a dynastic economy with observable human capital and hidden ability. We show that the wedge between human capital…”
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FIRM DYNAMICS AND RESIDUAL INEQUALITY IN OPEN ECONOMIES by Felbermayr, Gabriel, Impullitti, Giammario, Prat, Julien

“…Wage inequality between similar workers has been on the rise in many rich countries. Recent empirical research suggests that heterogeneity in firm…”
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Dynamic contracts and learning by doing by Prat, Julien

“…This paper studies the design of optimal contracts in dynamic environments where agents learn by doing. We derive a condition under which contracts are fully…”
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Revisiting the Liquidity/Risk Trade-Off with Smart Contracts (Short Paper) by Danos, Vincent, Krivine, Jean, Prat, Julien

“…Real-time financial settlements constrain traders to have the cash on hand before they can enter a trade [Khapko and Zoican, 2017]. This prevents short-selling…”
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Trade and unemployment: What do the data say? by Felbermayr, Gabriel, Prat, Julien, Schmerer, Hans-Jörg

“…This paper documents a robust empirical regularity: in the long-run, higher trade openness is associated with a lower structural rate of unemployment. We…”
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PRODUCT MARKET REGULATION, FIRM SELECTION, AND UNEMPLOYMENT by Felbermayr, Gabriel, Prat, Julien

“…This paper analyzes the effect of product market regulation (PMR) on unemployment in a search model with heterogeneous multiple‐worker firms. In our setup, PMR…”
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Dynamic contracts when the agent's quality is unknown: Dynamic contracts by Prat, Julien, Jovanovic, Boyan

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Job market signaling and employer learning by Alós-Ferrer, Carlos, Prat, Julien

“…We consider a signaling model where the senderʼs continuation value after signaling depends on his type, for instance because the receiver is able to update…”
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PRODUCT MARKET REGULATION, FIRM SELECTION, AND UNEMPLOYMENT: Felbermayr and Prat Regulation, Selection, and Unemployment by Felbermayr, Gabriel, Prat, Julien

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PRODUCT MARKET REGULATION, FIRM SELECTION, AND UNEMPLOYMENT by Felbermayr, Gabriel, Prat, Julien

“…This paper analyzes the effect of product market regulation (PMR) on unemployment in a search model with heterogeneous multiple-worker firms. In our setup, PMR…”
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Increasing optimism and demand uncertainty by Prat, Julien

“…By allowing the initial prior over market size to be a mixture of distributions, this paper extends the model of irreversible investment under uncertainty…”
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