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Team Production in Competitive Labor Markets with Adverse Selection

Kosfeld, Michael; Von Siemens, Ferdinand - C.E.P.R. Discussion Papers - 2014

Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team’s performance and therefore on their colleagues’ productivity. We study...

Persistent link: https://www.econbiz.de/10011084476

Economics of Agglomeration

Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1996

We address the fundamental question arising in economic geography: why do economic activities agglomerate in a small number of places? The main reasons for the formation of economic clusters involving firms and/or households are analysed: (i) externalities under perfect competition; (ii)...

Persistent link: https://www.econbiz.de/10005123960

Corporate Governance Externalities

Acharya, Viral V; Volpin, Paolo - C.E.P.R. Discussion Papers - 2008

externality reduces the value to firms of investing in corporate governance and produces weaker overall governance in the economy …

Persistent link: https://www.econbiz.de/10005136630

Third Party Monitoring and Golden Parachutes

Iossa, Elisabetta; Legros, Patrick - C.E.P.R. Discussion Papers - 2001

negative externality (higher effort decreases the expected future quality of the asset) case: it is enough for the principal to … commit to reallocate the right to use the asset at the end of the first period. In the positive externality case (when higher …

Persistent link: https://www.econbiz.de/10005504381

On the Stability of the Two-Sector Neoclassical Growth Model with Externalities

Herrendorf, Berthold; Valentinyi, Akos - C.E.P.R. Discussion Papers - 2002

upward-sloping labour demand curve in the capital-producing sector, which in turn requires an implausibly strong externality …

Persistent link: https://www.econbiz.de/10005661479

Trade and Entrepreneurship with Heterogeneous Workers

Oyama, Daisuke; Sato, Yasuhiro; Tabuchi, Takatoshi; … - C.E.P.R. Discussion Papers - 2007

This paper investigates the impacts of progressive trade openness, technological externalities, and heterogeneity of individuals on the formation of entrepreneurship in a two-country occupation choice model. We show that trade opening gives rise to a non-monotonic process of international...

Persistent link: https://www.econbiz.de/10005662268

Fiscal Policy Coordination and EMU: A Dynamic Game Approach

Brociner, Andrew; Levine, Paul L - C.E.P.R. Discussion Papers - 1992

model, as relative prices can change, countries have an incentive to improve their terms of trade. This externality together …

Persistent link: https://www.econbiz.de/10005662412

Adjustment in the Euro Area and Regulation of Product and Labour Markets: An Empirical Assessment

Biroli, Pietro; Mourre, Gilles; Turrini, Alessandro Antonio - C.E.P.R. Discussion Papers - 2010

regulations appear to matter for both the reaction of price competitiveness to cyclical divergences (differences between national … and euro-area output gaps) and for the inertia of competitiveness indicators. Moreover, regulations appear to matter also … for the extent to which common shocks may have country-specific effects on price competitiveness, as revealed by their …

Persistent link: https://www.econbiz.de/10008642892

Patterns of convergence and Divergence in the Euro Area

Estrada García, Ángel; Galí, Jordi; Lopez-Salido, David - C.E.P.R. Discussion Papers - 2013

We study the extent of macroeconomic convergence/divergence among euro area countries. Our analysis focuses on four variables (unemployment, inflation, relative prices and the current account), and seeks to uncover the role played by monetary union as a convergence factor by using non-euro...

Persistent link: https://www.econbiz.de/10011083904

What's Holding Back EU Exports to China?

Evenett, Simon J; Fritz, Johannes; Wermelinger, Martin - C.E.P.R. Discussion Papers - 2013

are missing out on the Chinese boom have caused soul-searching in Europe about "competitiveness" and led to accusations of …

Persistent link: https://www.econbiz.de/10011084459