Huberto M. Ennis

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We study the Green and Lin [J. Econ. Theory 109 (2003) 1-23] model of financial intermediation under a more general specification of the distribution of types across agents. We derive the efficient allocation in closed form. We show that, in some cases, the intermediary cannot uniquely implement the efficient allocation using a direct revelation mechanism.(More)
The union participation rate in the U.S. has declined rapidly from 34% in 1973 to 9.2% in 2007 while wage inequality has increased. In this paper we develop a parsimonious model of endogenous union membership that is consistent with (i) a hump-shaped union participation rate with respect to skill, (ii) positive and significant wage gains to union members,(More)
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