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Djankov, Simeon; Ramalho, Rita - C.E.P.R. Discussion Papers - 2008

We survey the research on the effect of employment laws in developing countries, using papers published since 2004. The survey is further supported by cross-country correlation analyses. Both exercises show that developing countries with rigid employment laws tend to have larger informal sectors...

Persistent link: https://www.econbiz.de/10005792340

Doux Commerces: Does Market Competition Cause Trust?

Francois, Patrick; van Ypersele, Tanguy - C.E.P.R. Discussion Papers - 2009

This paper documents a strong positive relationship between individual reported trust levels (obtained from the US General Social Survey) and the competitiveness of the sector in which an individual works (obtained from the US census of firms). This correlation is robust to the inclusion of all...

Persistent link: https://www.econbiz.de/10004973968

Complementing Bagehot: Illiquidity and insolvency resolution

Eijffinger, Sylvester C W; Nijskens, Rob - C.E.P.R. Discussion Papers - 2011

During the recent financial crisis, central banks have provided liquidity and governments have set up rescue programmes … bank suffering from liquidity shocks, we find that the unregulated bank keeps too much liquidity and monitors too little. A … central bank can alleviate the liquidity problem, but induces moral hazard. Therefore, we introduce an additional authority …

Persistent link: https://www.econbiz.de/10009320403

The lender of last resort: liquidity provision versus the possibility of bail-out

Eijffinger, Sylvester C W; Nijskens, Rob - C.E.P.R. Discussion Papers - 2010

banks have provided liquidity and ministries of finance have set up rescue programmes to restore confidence and stability …. Using a model of a systemic bank suffering from liquidity shocks, we find that the unregulated bank keeps too much liquidity … and takes excessive risk compared to the social optimum. A Lender of Last Resort can alleviate the liquidity problem, but …

Persistent link: https://www.econbiz.de/10008468710

Gender Interactions Within Hierarchies: Evidence from the Political Arena

Gagliarducci, Stefano; Paserman, M. Daniele - C.E.P.R. Discussion Papers - 2009

This paper studies gender interactions within hierarchical organizations using a large data set on the duration of Italian municipal governments elected between 1993 and 2003. A municipal government can be viewed as a hierarchy, whose stability over time depends on the degree of cooperation...

Persistent link: https://www.econbiz.de/10005791679

The Quality of Entrepreneurs

Hvide, Hans K - C.E.P.R. Discussion Papers - 2005

to the 75 percent quartile increases yearly operating returns on assets by 6 percentage points. …

Persistent link: https://www.econbiz.de/10005792326

The Division of Labour, Coordination, and the Demand for Information Processing

Michaels, Guy - C.E.P.R. Discussion Papers - 2007

Since Adam Smith's time, the division of labour in production has increased significantly, while information processing has become an important part of work. This paper examines whether the need to coordinate an increasingly complex division of labour has raised the demand for clerical office...

Persistent link: https://www.econbiz.de/10005792356

Task Scheduling and Moral Hazard

Mylovanov, Tymofiy; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

We study a two-period moral hazard problem with risk-neutral and wealth-constrained agents and three identical tasks. We show that the allocation of tasks over time is important if there is a capacity constraint on the number of tasks that can be performed in one period. We characterize the...

Persistent link: https://www.econbiz.de/10005067477

Team Governance: Empowerment or Hierarchical Control

Friebel, Guido; Schnedler, Wendelin - C.E.P.R. Discussion Papers - 2007

We investigate a team setting in which workers have different degrees of commitment to the outcome of their work. We show that if there are complementarities in production and if the team manager has some information about team members, interventions that the manager undertakes in order to...

Persistent link: https://www.econbiz.de/10005504583

Herding cats? Management and university performance

McCormack, John; Propper, Carol; Smith, Sarah L. - C.E.P.R. Discussion Papers - 2013

Using a tried and tested measure of management practices which has been shown to predict firm performance, we survey nearly 250 departments across 100+ UK universities. We find large differences in management scores across universities and that departments in older, research-intensive...

Persistent link: https://www.econbiz.de/10011084536

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