We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions … and in-network information transmission as well as conditions under which stable sub-networks inhibit more valuable larger … networks. The model provides formal definitions for individual and communities’ ‘social capital’ in the spirit of Coleman and …

This Paper first documents the comparative productivity performance of the United States and Britain since 1870 … management, as a key factor. A model of the interaction between technology, organization and economic performance is then … provided, focusing on the transition from networks to hierarchies. Four general lessons are drawn: (1) developments in services …

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 …

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. …

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 …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … management quality - measured using a new survey tool - is strongly correlated with financial and clinical outcomes such as … a greater number of neighboring hospitals) is positively correlated with increased management quality, and this …

The Census Bureau recently conducted a survey of management practices in over 30,000 plants across the US, the first … large-scale survey of management in America. Analyzing these data reveals several striking results. First, more structured … management practices are tightly linked to higher levels of IT intensity in terms of a higher expenditure on IT and more on …

the World Management Survey, a methodology that enables us to construct robust measures of management quality comparable …

Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across … recent work on management practices. Our preliminary results suggest that about a quarter of cross-country and within …-country TFP gaps can be accounted for by management practices. Management seems to matter both qualitatively and quantitatively …

interaction within the supply-chain (i.e. with suppliers and customers) or not (with competitors). It further controls for the … the supply chain tend to be irrelevant for innovation, with frequent exchanges with competitors having a detrimental …