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Capitalism, Laws, and the Need for Trustworthy Institutions
Admati, Anat R. - 2021
This article responds to the question: "Capitalism: What has gone wrong, what needs to change and how to fix it" for a … special volume on capitalism in Oxford Review of Economic Policy. Debates on capitalism get muddled by blind spots about …. The key problems with capitalism today boil down to failed governance and confusions that obscure the issues and prevent …
Persistent link: https://www.econbiz.de/10013219161
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The Knowledge Economy as an Early Scenario
Vissers, Geert - 2010
‘The knowledge economy' is sometimes used as an analytical term, sometimes as a scenario. As an analytical term, the concept allows theoretical integration of observations made in various research areas, e.g. business strategy, innovation, HRM, education, labour market, information technology,...
Persistent link: https://www.econbiz.de/10013146208
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The Human Version of Moore-Shannon's Theorem : The Design of Reliable Economic Systems
Christensen, Michael; Knudsen, Thorbjorn - 2007
Moore & Shannon's theorem is the cornerstone in reliability theory, but cannot be applied to human systems in its original form. A generalization to human systems would therefore be of considerable interest because the choice of organization structure can remedy reliability problems that...
Persistent link: https://www.econbiz.de/10014049389
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A theory of community formation and social hierarchy
Athey, Susan; Calvano, Emilio; Jha, Saumitra - 2016
We analyze the classic problem of sustaining trust when cheating and leaving trading partners is easy, and outside enforcement is difficult. We construct equilibria where individuals are loyal to smaller groups – communities – that allow repeated interaction. Hierarchies provide incentives...
Persistent link: https://www.econbiz.de/10011864929
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Testing Models of Hierarchy : Span of Control, Compensation and Career Dynamics
Smeets, Valerie; Warzynski, Frederic - 2006
-based hierarchy model (Garicano, 2000; Garicano and Rossi-Hansberg, 2006). We use a unique dataset providing personnel records from a … dataset is that relationships within the hierarchy are reported and we can therefore identify the chain of command. Some of … that can not be explained by a static model of knowledge based hierarchy but rather by dynamic models of careers in …
Persistent link: https://www.econbiz.de/10014054446
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Theories of finance and financial crisis : lessons for the Great Recession
Dodig, Nina; Herr, Hansjörg - 2015
the Great Recession, what visions they develop about future development of capitalism and to which extent these different …
Persistent link: https://www.econbiz.de/10010491508
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Hierarchic Contracting
Hortala-Vallve, Rafael - 2008
We analyze the contracting structure in a moral hazard setting with several agents whereoutput is produced jointly and is the only contractible variable. Since the salary of each agentis a function of all agents efforts, a positive externality arises between them. This externalityis not...
Persistent link: https://www.econbiz.de/10012772619
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The Idea of a Rural Informal Economy
Conroy, John D. - 2013
The purpose of this paper is to explore the notion of economic informality and its application in the rural context of developing and transitional economies, applying Keith Hart's (1987) notion of informality as a 'remedial concept'. Some remedy is needed to make sense of the many 'palpable...
Persistent link: https://www.econbiz.de/10013078973
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Innovation and precarity : workplace discourse in twenty-first century capitalism
Rothstein, Sidney A. - 2019
-first century capitalism. Tech workers' central role in digital transformation endows them with labor market power reflected by …Dieses Papier trägt zum Verständnis von Prekarität im Kapitalismus des 21. Jahrhunderts bei, indem es den Blick auf …
Persistent link: https://www.econbiz.de/10012099371