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simple model we show that the power of elections as a selection and incentive device can be improved by requiring higher vote …
Persistent link: https://www.econbiz.de/10005025512
greater hit score increases market size. A selection effect by which consumers are more picky and select higher quality goods …
Persistent link: https://www.econbiz.de/10005666414
I study how savers allocate funds between boundedly rational firms which follow simple pricing rules. Firms need cash to pay their inputs in advance, and savers-shareholders allocate cash between them so as to maximize their rate of return. When the rate of return on each firm is observed, there...
Persistent link: https://www.econbiz.de/10005666616
We present evidence from a firm level experiment in which we engineered an exogenous change in managerial compensation from fixed wages to performance pay based on the average productivity of lower-tier workers. Theory suggests that managerial incentives affect both the mean and dispersion of...
Persistent link: https://www.econbiz.de/10005788932
innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … approaches the technology frontier, selection becomes more important. As a result, countries at early stages of development … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …
Persistent link: https://www.econbiz.de/10005789082
The aim of this paper is to investigate whether return migrants are more likely to become entrepreneurs than non-migrants. We develop a theoretical search model that puts forward the trade off faced by returnees since overseas migration provides an opportunity for human and physical capital...
Persistent link: https://www.econbiz.de/10008558595
between them. The model can replicate stylised facts about sorting, agglomeration, and selection in cities. It can also …
Persistent link: https://www.econbiz.de/10008554236
-product-destination data. By taking firm-product level selection into account we show that export unit values increase with distance even for … particular firm-product combinations. This cannot be explained by models assuming firm- or even firm-product level selection and …
Persistent link: https://www.econbiz.de/10008530371
from worker self-selection may not be matched by a corresponding social gain. In particular, the equilibrium incentive to …
Persistent link: https://www.econbiz.de/10005123693
Although there are exceptions, most European universities and institutions of higher education find it difficult to compete with the best universities in the Anglo-Saxon world. Despite the Bologna agreement and the ambitions of the Lisbon agenda, European universities are in need of fundamental...
Persistent link: https://www.econbiz.de/10005067399