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Information Spillovers and Factor Adjustment

Listed author(s):
  • Guiso, L.
  • Schivardi, F.

We investigate the role of information spillovers (IS) in determining firms' labor adjustments. We test the proposition that information on relevant state variables spills over through one firm's decision th those of other firms, assuming that spillovers matter only among frims that are both similar and geographically close.

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Paper provided by Banca Italia - Servizio di Studi in its series Papers with number 368.

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Length: 47 pages
Date of creation: 2000
Handle: RePEc:fth:banita:368
Contact details of provider: Postal:
Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy.

Web page: http://www.bancaditalia.it/

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  29. Bikhchandani, Sushil & Hirshleifer, David & Welch, Ivo, 1992. "A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 992-1026, October.
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  33. Abhijit V. Banerjee, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, Oxford University Press, vol. 107(3), pages 797-817.
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