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Anand, Sudhir; Segal, Paul - Department of Economics, Oxford University - 2014

This paper investigates recent advances in our understanding of the global distribution of income, and produces the first estimates of global inequality that take into account data on the incomes of the top one percent within countries. We discuss conceptual and methodological issues -...

Persistent link: https://www.econbiz.de/10011004456

Why has China grown so fast?Â The role of international technology transfer

Yueh, Linda; Yueh, Linda; Reenen, John Van - Department of Economics, Oxford University - 2012

joint ventures in general and I have large effects on productivity especially when combined with a technology transfer … Ventures with Technology Transfer agreements, an understudied area. Technology transfer is the traditional mechanism for …

Persistent link: https://www.econbiz.de/10009650769

Gifted Kids or Pushy Parents? Foreign Direct Investment and Plant Productivity in Indonesia

Javorcik, Beata; Arnold, Jens Matthias - Department of Economics, Oxford University - 2009

producers in terms of productivity. They also tend to be larger, more capital intensive and more involved in international … trade. Further, the findings indicate that foreign ownership leads to significant productivity improvements in the acquired … acquired plants exhibit a 13.5 percent higher productivity than the control group. The rise in productivity is a result of …

Persistent link: https://www.econbiz.de/10004999234

Tobin Lives: Integrating evolving credit market architecture into flow of funds based macro-models

Muellbauer, John; Duca, John - Department of Economics, Oxford University - 2012

After the global financial crisis, there is greater awareness of the need to understand the interactions between the financial sector and the real economy and hence the potential for financial instability. Data from the financial flow of funds, previously relatively neglected, are now seen as...

Persistent link: https://www.econbiz.de/10011004428

Relational Incentive Contracts

Malcomson, James - Department of Economics, Oxford University - 2010

This chapter reviews the literature on the theory of relational incentive contracts. It motivates the discussion by the classic applications of relational contracts to the GM-Fisher Body relationship and the relationships between Japanese automobile manufacturers and their subcontractors. It...

Persistent link: https://www.econbiz.de/10008671389

Ambiguity Aversion and the Absence of Indexed Debt

Mukerji, Sujoy; Tallon, Jean-Marc - Department of Economics, Oxford University - 2000

If agent`s (subjective) beliefs are ambiguous then the beliefs may not be represented by a unique probability distribution in the standard Bayesian fashion but instead by a set of probabilities. Roughly put, an ambiguity averse decision maker evaluates an act by the minimum expected value that...

Persistent link: https://www.econbiz.de/10010605029

Queues and Hierarchies

Beggs, Alan - Department of Economics, Oxford University - 2000

This paper examines the optimal structure of hierarchies when workers differ in the range of tasks they can perform. A hierarchical system may reduce costs by allowing most tasks to be handled by unskilled workers. This may however increase delay for those tasks which must pass through several...

Persistent link: https://www.econbiz.de/10010605244

Development and Religious Polarization: The Emergence of Reform and Ultra-Orthodox Judaism

Carvalho, Jean-Paul; Koyama, Mark - Department of Economics, Oxford University - 2011

Jewish emancipation in nineteenth century Europe produced drastically different responses. In Germany, a liberal variant known as Reform developed, while ultra-Orthodox Judaism emerged in eastern Europe. We develop a model of religious organization which explains this polarization. In...

Persistent link: https://www.econbiz.de/10009191087

Contractual Institutions, Financial Development and Vertical Integration: Theory and Evidence

Macchiavello, Rocco - Department of Economics, Oxford University - 2008

This paper presents an industry equilibrium model of vertical integration under contractual imperfections with specific input suppliers and external investors. I assume that vertical integration economizes on the needs for contracts with specific input suppliers at the cost of higher fixed...

Persistent link: https://www.econbiz.de/10005047738

Vertical Integration, Missing Middle and Investor Protection in Developing Countries

Macchiavello, Rocco - Department of Economics, Oxford University - 2007

The industrial organization of developing countries is characterized by: (i) pervasive use of subcontracting arrangements among small firms, (ii) "missing middle" in the firm size distribution, and (iii) financially constrained firms. This paper studies an incomplete contract model in which...

Persistent link: https://www.econbiz.de/10005047877

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