Hideo Konishi, Michael Manove, Tomoya Mori, Régis Renault, Bob Rosenthal, Kamal Saggi, ...
Geographical concentration of stores that sell similar commodities is pervasive. To analyze this phenomenon, this paper provides a simple two dimensional spatial competition model with consumer taste...
Network size and network capture (2006)
Llobet, Gerard, Manove, Michael
Most types of networks, over time, spawn the creation of complementary stocks that enhance network value. Computer operating systems, for example, induce the development of the complementary stock of...
Thesis--Massachusetts Institute of Technology, 1970.
Provider insurance is insurance offered by the provider of a product or service against losses or damages incurred in connection with the use of that product or service. It is demonstrated that a...
Education and Labor-Market Discrimination
We propose a model that combines statistical discrimination and educational sorting that explains why blacks get more education than do whites of similar cognitive ability. Our model explains the...
Network Size and Network Capture
Most types of networks, over time, spawn the creation of complementary stocks that enhance network value. Computer operating systems, for example, induce the development of the comple- mentary stock...
Network Size and Network Capture
Most types of networks, over time, spawn the creation of complementary stocks that enhance network value. Computer operating systems, for example, induce the development of the comple- mentary stock...
Racial Discrimination in Labor Markets with Posted Wage Offers
Kevin Lang, Michael Manove, William T. Dickens
We analyze race discrimination in labor markets in which wage offers are posted. If employers with job vacancies receive multiple applicants, they choose the most qualified but may choose arbitrarily...
NETWORK SIZE AND NETWORK CAPTURE
Most types of networks, over time, spawn the creation of complementary stocks that enhance network value. Computer operating systems, for example, induce the development of the complementary stock of...
Education and Labor-Market Discrimination
We propose a model that combines statistical discrimination and educational sorting that explains why blacks get more education than do whites of similar cognitive ability. Our model explains the...
Bargaining with Deadlines and Imperfect Player Control.
Ma, Ching-To Albert, Manove, Michael
This paper presents a game of strategic bargaining under deadlines whose equilibrium conforms to anecdotal and experimental information about real-life bargaining sessions. The model operates in...
Job Responsibility, Pay and Promotion.
How are pay and promotion prospects related to job responsibility? A job entails responsibility to the extent that the value of the job outcome is sensitive to the worker's input of effort. In the...
Collateral versus Project Screening: A Model of Lazy Banks.
Manove, Michael, Padilla, A Jorge, Pagano, Marco
Many economists argue that the primary economic function of banks is to provide cheap credit, and to facilitate this function, they advocate the strict protection of creditor rights. But banks can...
Banking (Conservatively) with Optimists
Michael Manove, A. Jorge Padilla
Commercial banks frequently encounter optimistic entrepreneurs whose perceptions are biased by wishful thinking. Bankers are left with a difficult screening problem: separating realistic...
Sequential Innovation, Network Effects and the Choice of Compatibility
It is commonly argued that when innovation is sequential, and the product has network externalities, incumbents build a large network that inefficiently blocks the entry of future incompatible...
Bargaining with deadlines and random delays
Ching-to,Albert Ma, Manove,Michael
Bargaining model,Markov perfect equilibrium
Banking (Conservatively) With Optimists
Manove, Michael, Padilla, Atilano Jorge
In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose of financing new or continuing projects. These entrepreneurs are frequently...
Collateral Vs. Project Screening: A Model Of Lazy Banks
Manove, Michael, Padilla, Atilano Jorge, Pagano, Marco
Many economists argue that the primary economic function of banks is to provide cheap credit, and to facilitate this function, they advocate the strict protection and enforcement of creditor rights....
The Harm from Insider Trading and Informed Speculation.
Insider traders and other speculators with private information are able to appropriate some part of the returns to corporate investments made at the expense of other shareholders. As a result,...
Education and Labor-Market Discrimination
We propose a model that combines statistical discrimination and educational sorting that explains why blacks get more education than do whites of similar cognitive ability. Our model explains the...
Collateral vs. Project Screening: A Model of Lazy Banks
Michael Manove, A. Jorge Padilla, Marco Pagano
Many argue that the primary function of banks is to provide cheap credit, and to this effect advocate strict protection of creditor rights. But banks serve another important function: through project...