Showing 1 - 10 of 53
, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i …This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …
Persistent link: https://www.econbiz.de/10005497860
-unit managers’ authority. Realizing synergies then involves a tradeoff between motivation and coordination. Motivating managers …
Persistent link: https://www.econbiz.de/10005114409
. Examples include market entry games, coordination games, and the bar-room game depicted in the movie 'A Beautiful Mind'. The …
Persistent link: https://www.econbiz.de/10005662078
-dependency and coordination problems. Second, we claim that the very process through which the gold standard was adopted played a …
Persistent link: https://www.econbiz.de/10005662237
This paper studies advertising in vertically differentiated product markets with positive consumption externalities. In markets with consumption externalities, the value of the product to the consumer depends on the purchasing decisions of other consumers. In such markets, we show that firms...
Persistent link: https://www.econbiz.de/10005666525
performance can establish truthful upward communication, but creates a free-rider problem and raises the cost of inducing effort …
Persistent link: https://www.econbiz.de/10005666612
We introduce strategic waiting in a global game setting with irreversible investment. Players can wait in order to make a better informed decision. We allow for cohort effects and discuss when they arise endogenously in technology adoption problems with positive contemporaneous network effects....
Persistent link: https://www.econbiz.de/10005666707
We report experimental results on exclusive dealing inspired by the literature on "naked exclusion.'' Our key findings are: First, exclusion of a more efficient entrant is a widespread phenomenon in lab markets. Second, allowing incumbents to discriminate between buyers increases exclusion rates...
Persistent link: https://www.econbiz.de/10004991543
The paper provides an account of the current global economic situation, outlook and policy options. Medium-term prospects are mediocre and fraught with considerable downside risk. Fiscal and monetary policy options for the main industrial countries to improve global economic performance are...
Persistent link: https://www.econbiz.de/10005791563
The theory of optimal currency areas states that a single currency zone should have symmetry of shocks and structures across regions. Research on monetary union in Europe has either assumed these conditions to hold close enough not to cause problems, or has focussed on asymmetries in shocks. But...
Persistent link: https://www.econbiz.de/10005791720