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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 … classical hold-up situation. Moreover, contrary to the extant literature, we show that higher levels of supplier’s trust are … reflected in the buyer’s choice of a more competitive procurement strategy among potential suppliers …
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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A Theory of Reciprocity
Falk, Armin; Fischbacher, Urs - CESifo - 2001
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...
Persistent link: https://www.econbiz.de/10005765909
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Gatekeeping in Health Care
Brekke, Kurt R.; Nuscheler, Robert; Straume, Odd Rune - CESifo - 2005
about the secondary care market. We show that hospital competition is amplified by higher GP attendance but dampened by … improved diagnosing accuracy. Therefore, compulsory gatekeeping may result in excessive quality competition and too much …
Persistent link: https://www.econbiz.de/10005181554
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The Surprisingly Swift Decline of U.S. Manufacturing Employment
Pierce, Justin R.; Schott, Peter K. - CESifo - 2014
This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment...
Persistent link: https://www.econbiz.de/10010734330
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A Market for Connections
Miettinen, Topi; Poutvaara, Panu - CESifo - 2012
Government or company decisions on whom to hire are mostly delegated to politicians, public sector officials or human resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are delegated to decide upon. Even if bribing is ruled out,...
Persistent link: https://www.econbiz.de/10010548151
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Friends' Networks and Job Finding Rates
Cappellari, Lorenzo; Tatsiramos, Konstantinos - CESifo - 2010
evidence of higher wages and employment stability for those with more employed friends, which is consistent with networks …
Persistent link: https://www.econbiz.de/10008727296
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Employee Referral, Social Proximity and Worker Discipline: Theory and Evidence from India
Dhillon, Amrita; Iversen, Vegard; Torsvik, Gaute - CESifo - 2013
We study an important mechanism underlying employee referrals into informal low skilled jobs in developing countries. Employers can exploit social preferences between employee referees and potential workers to improve discipline. The profitability of using referrals increases with referee stakes...
Persistent link: https://www.econbiz.de/10010674452
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Complex Financial Networks and Systemic Risk: A Review
Bougheas, Spiros; Kirman, Alan P. - CESifo - 2014
In this paper we review recent advances in financial economics in relation to the measurement of systemic risk. We start by reviewing studies that apply traditional measures of risk to financial institutions. However, the main focus of the review is on studies that use network analysis paying...
Persistent link: https://www.econbiz.de/10010764284