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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
The purpose of this Paper is to study the determinants of the concentration of ownership in a privatized, regulated firm. The discussion illustrates some aspects of the costs and benefits of different corporate systems. Privatized utilities are large firms with professional management: there is...
Persistent link: https://www.econbiz.de/10005123598
economies have tended to emphasize the overriding importance of capital market competition, but theoretical considerations and … external reforms. Empirically, the paper examines progress towards enterprise restructuring in Eastern Germany and Poland … first appears, however, since even in Poland there has been active competition policy, some direct industrial restructuring …
Persistent link: https://www.econbiz.de/10005124125
results are robust to the introduction of asymmetry in network needs across downstream firms, imperfect downstream competition …
Persistent link: https://www.econbiz.de/10005136450
and competition policy. We illustrate them with an analysis of US freight railroads for the period 1978-2001 and find both …
Persistent link: https://www.econbiz.de/10005067525
The aim of this paper is to provide a tractable model where both socialization (or network formation) and productive efforts can be analyzed simultaneously. This permits a full-fledged equilibrium/welfare analysis of network formation with endogenous productive efforts and heterogeneous agents....
Persistent link: https://www.econbiz.de/10008784699
findings are (a) DO is affected by competition; (b) US-owned firms are much more likely to introduce DO relative to foreign …
Persistent link: https://www.econbiz.de/10005136706
Many European countries have sought to increase the efficiency of national railroad companies through a range of reforms: separating infrastructure and operations, creating independent regulatory institutions and providing access to the network to third parties. To estimate the effects of...
Persistent link: https://www.econbiz.de/10005656315
Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative … relatively narrow definitions of increasing competition. The paper also shows that competition is more likely to increase the … investments of leaders than those of laggards. When R&D-spillovers are strong, competition is less likely to increase investments …
Persistent link: https://www.econbiz.de/10008468679
We develop a model of competition between retailer chains with a structural estimation of the demand and supply in the … can serve as a differentiation tool for the retailers in order to soften price competition. They may affect the marginal … simultaneous competition game in brand offer and price between retailers to identify marginal costs. After estimation by simulated …
Persistent link: https://www.econbiz.de/10008530346