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Global Sourcing Decisions and Firm Productivity: Evidence from Spain
Kohler, Wilhelm; Smolka, Marcel - CESifo - 2009
distinguish between domestic and foreign sourcing, as well as between outsourcing and vertical integration. A firm’s choice is …
Persistent link: https://www.econbiz.de/10008572568
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Formal Contracts, Relational Contracts, and the Threat-Point Effect
Itoh, Hideshi; Morita, Hodaka - CESifo - 2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10009228616
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Global Sourcing of Heterogeneous Firms: Theory and Evidence
Kohler, Wilhelm; Smolka, Marcel - CESifo - 2015
input supplier (vertical integration vs. outsourcing), as well as the location of intermediate input production (offshore vs … intensity, but favors outsourcing in industries of high sourcing intensity. Moreover, we find that productivity boosts …
Persistent link: https://www.econbiz.de/10011155384
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Teamwork as a Self-Disciplining Device
Fahn, Matthias; Hakenes, Hendrik - CESifo - 2014
We show that team formation can serve as an implicit commitment device to overcome problems of self-control. In a situation where individuals have present-biased preferences, any effort that is costly today but rewarded at some later point in time is too low from the perspective of an...
Persistent link: https://www.econbiz.de/10011099758
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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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Optimal Compatibility in Systems Markets
Kim, Sang-Hyun; Choi, Jay Pil - CESifo - 2014
We investigate private and social incentives for standardization to ensure market-wide system compatibility in a two-dimensional spatial competition model. We develop a new methodology to analyze competition on a torus and show that there is a fundamental conflict of interest between consumers...
Persistent link: https://www.econbiz.de/10010948871
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Global Sourcing of Complex Production Processes
Schwarz, Christian; Suedekum, Jens - CESifo - 2011
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and global scale. Specifically, the firm decides i) how thinly it wants to slice its production process by choosing the mass of symmetric intermediate inputs that are...
Persistent link: https://www.econbiz.de/10009278130
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On the Organizational Structure of Multinational Firms - Which Sourcing Mode for which Input?
Nowak, Verena; Schwarz, Christian; Suedekum, Jens - CESifo - 2012
organizational decision is driven by two countervailing effects: the ownership rights effect favors outsourcing, while the “indirect … outsourcing of the “less important” supplier is chosen in equilibrium. We also consider an open economy setup where the producer …
Persistent link: https://www.econbiz.de/10010550244
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Outsourcing, Unemployment and Welfare Policy
Keuschnigg, Christian; Ribi, Evelyn - CESifo - 2008
The paper investigates the consequences of outsourcing of labor intensive activities to low-wage economies. This trend … markets are missing. The main results are: (i) outsourcing raises unemployment and labor income risk ofunskilled workers; (ii …) it increases inequality among high- and low-income groups; and (iii) the gains from outsourcing can be made Pareto …
Persistent link: https://www.econbiz.de/10005406211
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Capital Taxation and Imperfect Competition: ACE vs. CBIT
Brekke, Kurt R.; Garcia-Pires, Armando J.; Schindler, Dirk - CESifo - 2014
This paper studies the market and welfare effects of two main tax reforms – the Corporate Business Income Tax (CBIT) and the Allowance for Corporate Equity tax (ACE). Using an imperfect-competition model for a small open economy, it is shown that the well-known neutrality property of ACE does...
Persistent link: https://www.econbiz.de/10011082828