Showing 1 - 10 of 246
determine heterogeneity across firms in size and productivity in the same industry. We then incorporate these organisational … increase in aggregate productivity of an industry depending on which of these margins dominate. Trade may trigger firms to opt …
Persistent link: https://www.econbiz.de/10005791677
overall production strategy and productivity trends. In the United States a strategy of standardized mass production led to … high levels of labour productivity and concentration on the development of managerial capabilities, but neglect of the … environment. British manufacturing also adopted an American style `mission oriented' approach to R&D in contrast to the German …
Persistent link: https://www.econbiz.de/10005136671
Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an …-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage …
Persistent link: https://www.econbiz.de/10011171780
States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies … productivity grows less due to larger mismatch. The model can be used to address a number of normative issues. …
Persistent link: https://www.econbiz.de/10005788908
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …
Persistent link: https://www.econbiz.de/10005792168
What is the role of firms and markets in mediating the division of labour? This Paper uses confidential microdata from the Census of Services to examine law firms' boundaries. We first examine how the specialization of lawyers and firms increases as lawyers' returns to specialization increase....
Persistent link: https://www.econbiz.de/10005123527
We study the location-specific component in research productivity of economics and finance faculty who have ever been …
Persistent link: https://www.econbiz.de/10005124384
The property rights approach to the theory of the firm suggests that ownership structures are chosen in order to provide ex ante investment incentives, while bargaining is ex post efficient. In contrast, transaction cost economics emphasizes ex post inefficiencies. In the present paper, a party...
Persistent link: https://www.econbiz.de/10005067623
We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity …
Persistent link: https://www.econbiz.de/10005034760
What determines how integrated a firm is? We emphasize the benefits of "control" when there are difficulties in writing complete contracts. We define the firm as being composed of its assets. We present a theory of costly contracts which emphasizes that contractual rights can be of two types:...
Persistent link: https://www.econbiz.de/10005497709