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We examine a model in which two politicians compete for office and for wages. Their remunerations are either set by the public or are offered competitively by the candidates during campaigns. Our main finding shows that competitive wage offers by candidates lead to lower social welfare than...
Persistent link: https://www.econbiz.de/10005661439
heads affect managerial compensation and job assignment. We find that family managers earn higher salaries and receive more …
Persistent link: https://www.econbiz.de/10008468597
We study a class of representation mechanisms, based on reports made by a random subset of agents, called representatives, in a collective choice problem with quasi-linear utilities. We do not assume the existence of a common prior probability describing the distribution of preference types. In...
Persistent link: https://www.econbiz.de/10005504542
This paper studies the extensive and intensive margins of firms' global sourcing decisions. We develop a quantifiable multi-country sourcing model in which heterogeneous firms self-select into importing based on their productivity and country-specific variables. The model delivers a simple...
Persistent link: https://www.econbiz.de/10011145398
This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing exporters. In particular, high market-specific fixed...
Persistent link: https://www.econbiz.de/10011083354
This paper documents the extent and characteristics of plants and firms in the US that are outside the manufacturing sector according to official government statistics but nonetheless are heavily involved in activities related to the production of manufactured goods. Using new data on...
Persistent link: https://www.econbiz.de/10011083862
The paper analyses the contemporary organizational restructuring of production and work and derives some salient implications for the labour market. The analysis focuses on the switch from occupational specialization at 'Tayloristic' organizations to multi-tasking at 'holistic' organizations....
Persistent link: https://www.econbiz.de/10005504765
change in work organization away from the traditional functional departments and towards multi-tasking and job rotation …
Persistent link: https://www.econbiz.de/10005788938
This paper explores the implications of the ongoing reorganization of firms for inequality in the labour market. We show how recent technological advances in physical and human capital can lead to the breakdown of occupational barriers, creating demands for new combinations of skills, and...
Persistent link: https://www.econbiz.de/10005789077
results indicate that the transfer of knowledge to emerging markets occurs not only through foreign investment, but also …
Persistent link: https://www.econbiz.de/10011084604