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Firing Costs, Unions and Employment
Booth, Alison L - C.E.P.R. Discussion Papers - 1996
This paper develops a simple model of employment, non-statutory redundancy pay and wage determination. An interesting feature of this model is that the contract curve is vertical. Some of the predictions of the model are confronted with the available British data on non-statutory firing costs,...
Persistent link: https://www.econbiz.de/10005791782
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Data-Snooping, Technical Trading Rule Performance and the Bootstrap
Sullivan, Ryan; Timmermann, Allan G; White, Halbert - C.E.P.R. Discussion Papers - 1998
In this paper we utilize White's Reality Check bootstrap methodology (White (1997)) to evaluate simple technical trading rules while quantifying the data-snooping bias and fully adjusting for its effect in the context of the full universe from which the trading rules were drawn. Hence, for the...
Persistent link: https://www.econbiz.de/10005662282
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Direct and Indirect Network Effects are Equivalent: A Comment on “Direct and Indirect Network Effects: Are They Equivalent?”
Church, Jeffrey; Gandal, Neil - C.E.P.R. Discussion Papers - 2012
do not, in the case of indirect network effects, make standardization more likely, but (ii) indirect network effects are … associated with excessive standardization. We show in Clements’ framework that neither of these results are correct …: standardization is more likely as the number of software firms increases and when the type of market equilibrium is unique— there are …
Persistent link: https://www.econbiz.de/10011084429
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Legal Evolution, Contract Evolution, and Standardization
Gennaioli, Nicola; Perotti, Enrico C; Ponzetto, Giacomo AM - C.E.P.R. Discussion Papers - 2014
law matures. Contract standardization avoids this cost, statically improving enforcement; but it crowds out innovative …
Persistent link: https://www.econbiz.de/10011084669
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The Rules of Standard Setting Organizations: An Empirical Analysis
Chiao, Benjamin; Lerner, Josh; Tirole, Jean - C.E.P.R. Discussion Papers - 2007
This paper empirically explores standard-setting organizations’ policy choices. Consistent with Lerner-Tirole (2006), we find (a) a negative relationship between the extent to which an SSO is oriented to technology sponsors and the concession level required of sponsors and (b) a positive...
Persistent link: https://www.econbiz.de/10005792070
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Network Effects, Standardization, and the Internet: What Have We Learned From The DVD Vs. DIVX Battle?
Dranove, David; Gandal, Neil - C.E.P.R. Discussion Papers - 1999
standardization, that is, left alone the market may fail to achieve standardization when it is socially desirable and (2) even if the …
Persistent link: https://www.econbiz.de/10005666918
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The land that Lean manufacturing forgot? Management practices in transition countries
Bloom, Nicholas; Schweiger, Helena; Van Reenen, John - C.E.P.R. Discussion Papers - 2011
below emerging countries such as Brazil, China and India. In contrast, the central European transition countries such as …
Persistent link: https://www.econbiz.de/10009207520
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Corruption as a Barrier to Entry: Theory and Evidence
Campos, Nauro F; Estrin, Saul; Proto, Eugenio - C.E.P.R. Discussion Papers - 2010
Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...
Persistent link: https://www.econbiz.de/10008682881
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European Cooperative R&D and Firm Performance: Evidence Based on Funding Differences in Key Actions
Aguiar Wicht, Luis; Gagnepain, Philippe - C.E.P.R. Discussion Papers - 2013
The Framework programmes created by the European Union are the main financial tools used to support cooperative R&D activities in the EU. Unlike previous empirical studies, this paper suggests that their impact on firms’ competitiveness is significant. We analyze industry-oriented research...
Persistent link: https://www.econbiz.de/10011083569
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Risk tolerance and entrepreneurship
Hvide, Hans K; Panos, Georgios - C.E.P.R. Discussion Papers - 2013
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...
Persistent link: https://www.econbiz.de/10011083758