作者：DICKENS, WT; LUNDBERG, SJ
作者单位：University of Washington; University of Washington Seattle
摘要：We estimate a labor supply model that permits hours restrictions of a simple but general form. Each individual chooses from among a finite set of jobs drawn at random from a market distribution, each offering a fixed quantity of hours. The polar cases of no constraints on hours worked and exogenous hours are nested within the general case. Our results are consistent with a substantial amount of rationing in the work hours of a sample of low-income men, most of whom are working less than they w...
作者：BIGELOW, J; COOPER, R; ROSS, TW
作者单位：Boston University; University of British Columbia
摘要：The provision of product warranties when the exit of firms is possible is an example of a more general contracting problem without full commitment. When firms cannot precommit to future market participation, they ran exit if continued participation is not profitable, thereby avoiding outstanding warranty obligations. Incentives for market participation come from future profits which depend on future sales. The resulting intertemporal linkage between cohorts of consumers may create multiple, Pa...
