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Why a Group Needs a Leader: Decision-making and Debate in Committees.

Dessein, Wouter - C.E.P.R. Discussion Papers - 2007

I develop a model of group decision-making, in which a committee generates proposals and holds open discussions, but … the ultimate decision is either taken by a leader (decision by authority) or by majority vote. Optimal communication … that by favouring one particular agent — the leader — authoritative decision-making reduces rent-seeking discussions and …

Persistent link: https://www.econbiz.de/10005792030

A Decision-Theoretic Basis for Choice Shifts in Groups

Eliaz, Kfir; Ray, Debraj; Razin, Ronny - C.E.P.R. Discussion Papers - 2004

The phenomenon of choice shifts in group decision-making is fairly ubiquitous in the social psychology literature …. Faced with a choice between a ‘safe’ and ‘risky’ decision, group members appear to move to one extreme or the other … situations. This Paper demonstrates that from an individual decision-making perspective, choice shifts may be viewed as a …

Persistent link: https://www.econbiz.de/10005792294

Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production

Antràs, Pol - C.E.P.R. Discussion Papers - 2011

I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...

Persistent link: https://www.econbiz.de/10009320400

Global Sourcing of a Complex Good

Van Biesebroeck, Johannes; Zhang, Lijun - C.E.P.R. Discussion Papers - 2011

We analyze a firm that produces a final good from multiple intermediates that can each be sourced domestically or from a low-wage country. The model explicitly incorporates that sourcing decisions of intermediates are interdependent. Equilibrium predictions depend crucially on a key modeling...

Persistent link: https://www.econbiz.de/10009324256

Productivity, Relationship-Specific Inputs and the Sourcing Modes of Multinationals

Defever, Fabrice; Toubal, Farid - C.E.P.R. Discussion Papers - 2011

We investigate the roles of productivity and the specificity of inputs for the international sourcing strategy of firms which are part of a multinational network. We present a framework in which firms decide to import from a foreign independent supplier or from their related party abroad...

Persistent link: https://www.econbiz.de/10009365648

Globalization and the 'New Enterprise'

Marin, Dalia; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002

, which affects the behaviour of agents inside the corporation. This way, trade integration leads to waves of outsourcing and …

Persistent link: https://www.econbiz.de/10005662173

Trade in Business Services in General Equilibrium

Markusen, James R.; Strand, Bridget - C.E.P.R. Discussion Papers - 2007

Trade in business services has been attracting attention from academic researchers, policy makers, and business journalists. While there are many anecdotes, there has been little in the way of formal theory applied to this issue. In this paper, we adapt a general model of fragmentation of...

Persistent link: https://www.econbiz.de/10005662176

Outsourcing, Unemployment and Welfare Policy

Keuschnigg, Christian; Ribi, Evelyn - C.E.P.R. Discussion Papers - 2007

Outsourcing of labour intensive activities challenges the welfare state and undermines the protection of low …

Persistent link: https://www.econbiz.de/10005662250

Managerial Incentives and the International Organization of Production

Grossman, Gene; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2003

prevalence of outsourcing and foreign direct investment. …

Persistent link: https://www.econbiz.de/10005666433

Outsourcing in a Global Economy

Grossman, Gene; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2002

We study the determinants of the location of sub-contracted activity in a general equilibrium model of outsourcing and … trade. We model outsourcing as an activity that requires search for a partner and relationship-specific investments that are … governed by incomplete contracts. The extent of international outsourcing depends inter alia on the thickness of the domestic …

Persistent link: https://www.econbiz.de/10005666820