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The Dynamics of Delegated Decision Making
Roberts, Kevin - Department of Economics, Oxford University - 2013
This paper investigates the behaviour of bodies or organizations, operating in a stochastic environment, where there is a delegated decision maker.  A crucial decision is when to delegate to another decision maker.  The problem may be intrapersonal, as occurs when there are endogenously...
Persistent link: https://www.econbiz.de/10011004163
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Dynamic Government Performance: Honeymoons and Crises of Confidence
Myatt, David P.; Dewan, Torun - Department of Economics, Oxford University - 2010
We model the interplay between a government's performance, its expected lifetime, and the confidence it enjoys. Here, "confidence" can be broadly interpreted as the government's popularity, the size of its parliamentary majority, its reserve of talent, or other factors. Confidence evolves in...
Persistent link: https://www.econbiz.de/10008483764
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Good Cop, Bad Cop: Complementarities between Debt and Equity in Disciplining Management
Guembel, Alexander; White, Lucy - Department of Economics, Oxford University - 2003
firm’s cash flow into a ‘safe’ claim (debt) and a ‘risky’ claim (equity). The former, being … and equity are shown to be complementary instruments in firm finance. We show that stock markets can play a useful role in … transmitting information from equity to debt holders. This provides a novel argument as to why information contained in stock …
Persistent link: https://www.econbiz.de/10011146261
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Desert and Inequity Aversion in Teams
Gill, David; Stone, Rebecca - Department of Economics, Oxford University - 2011
Teams are becoming increasingly important in work settings.  We develop a framework to study the strategic implications of a meritocratic notion of desert under which team members care about receiving what they feel they deserve.  Team members find it painful to receive less than their...
Persistent link: https://www.econbiz.de/10009275434
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Evolutionary dynamics and equitable core selection in assignment games
Nax, Heinrich H.; Pradelski, Bary S.R. - Department of Economics, Oxford University - 2012
.  We propose a completely uncoupled learning process that selects a subset of the core of the game with a natural equity … bids and offers for potential partnerships and match if the partnerships are profitable.  Equity is favored by our dynamics …
Persistent link: https://www.econbiz.de/10011004342
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Firm size and human capital as determinants of productivity and earnings
Teal, Francis; Söderbom, Måns - Department of Economics, Oxford University - 2001
weak. The limited direct evidence of human capital on firm productivity suggests that human capital is indeed productive … role of size and human capital as determinants of either earnings or productivity has been the role of unobserved factors …. In this paper we investigate the roles of size and human capital in determining both earnings and productivity using a …
Persistent link: https://www.econbiz.de/10011152493
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Openness and Human Capital as Sources of Productivity Growth: An Empirical Investigation
Teal, Francis; Söderbom, Måns - Department of Economics, Oxford University - 2003
Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will … the level of income but no effect on underlying productivity growth. Our preferred estimator combines high and low …
Persistent link: https://www.econbiz.de/10011152494
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Are African Manufacturing Firms Really Inefficient? Evidence from Firm-Level Panel Data
Söderbom, Måns; Teal, Francis - Department of Economics, Oxford University - 2001
not due to a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity …
Persistent link: https://www.econbiz.de/10011152503
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Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data
Teal, Francis; Söderbom, Måns - Department of Economics, Oxford University - 2002
a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity …
Persistent link: https://www.econbiz.de/10011152506
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Trade and Human Capital as Determinants of Growth
Teal, Francis; Söderbom, Måns - Department of Economics, Oxford University - 2001
openness has a highly significant and large effect on the underlying rate of growth of productivity, while human capital does …
Persistent link: https://www.econbiz.de/10011152508