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Team Production in Competitive Labor Markets with Adverse Selection
Siemens, Ferdinand von; Kosfeld, Michael - CESifo - 2014
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team’s performance and therefore on their colleagues’ productivity. We study...
Persistent link: https://www.econbiz.de/10010743453
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Infrastructure Investment in Network Industries: The Role of Incentive Regulation and Regulatory Independence
Egert, Balazs - CESifo - 2009
This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has...
Persistent link: https://www.econbiz.de/10005051558
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Driven by the Discount Factor: Impact of Mergers on Market Performance in the Semiconductor Industry
Harris, Jeremiah; Siebert, Ralph - CESifo - 2015
This study investigates the impact of firm-specific discount factors on merger formation and market performance. We estimate firm-specific discount factors for 228 publicly traded and privately held firms operating in the semiconductor market and apply a heterogeneous treatment effects model...
Persistent link: https://www.econbiz.de/10011163068
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Price-Dependent Profit Sharing as an Escape from the Bertrand Paradox
Foros, Oystein; Hagen, Kare P.; Kind, Hans Jarle - CESifo - 2007
In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing …
Persistent link: https://www.econbiz.de/10005094252
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Competition and Trust: Evidence from German Car Manufacturers
Felli, Leonardo; Koenen, Johannes; Stahl, Konrad O. - CESifo - 2011
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers. Using unique survey data on individual supplier-buyer relationships in the German automotive industry, we show, by means of different measures of supplier-buyer trust, that higher...
Persistent link: https://www.econbiz.de/10008853846
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Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - CESifo - 2015
&D investment, and derive predictions on the effects of trust and competition on suppliers’ investment and buyers’ procurement … - but also with more competitive procurement: trust and rents from reduced supplier competition in the procurement process …
Persistent link: https://www.econbiz.de/10011194234
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Powering Up Developing Countries through Integration?
Auriol, Emmanuelle; Biancini, Sara - CESifo - 2012
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10010556079
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Competition and Quality in Regulated Markets with Sluggish Demand
Brekke, Kurt R.; Cellini, Roberto; Siciliani, Luigi; … - CESifo - 2010
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … to the steady state. While fiercer competition (lower transportation costs or less sluggish demand) leads to higher … quality in both solutions, the quality response to increased competition is weaker when players use feedback strategies. …
Persistent link: https://www.econbiz.de/10008572490
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Behind the Scenes of the Telecommunications Miracle: An Empirical Analysis of the Indian Market
Biancini, Sara - CESifo - 2010
competition on investment: competition seemingly helps stimulating investment in the most developed areas, but has probably no …
Persistent link: https://www.econbiz.de/10008833905
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Informal Benchmarks as a Source of Regulatory Threat in Unregulated Utility Sectors
Söderberg, Magnus - CESifo - 2010
This paper investigates to what extent unregulated local monopolies attempt not to evoke the introduction of a formal price regulation by conforming to customers’ and authorities’ expectations. It is argued that utilities can meet expectations by setting prices that imitate neighbours’...
Persistent link: https://www.econbiz.de/10008534016