Showing 1 - 10 of 33
We formalize a conception of authority, which is commonly defined as the right of controlling a person’s actions embedded in human assets in sociology. Due to the inalienable property of human assets, the contractible formal authority is hard to verify and enforce, while real authority...
Persistent link: https://www.econbiz.de/10005785789
equilibrium when competition is not too tough and not too weak. The model predicts merger waves or waves of outsourcing when …
Persistent link: https://www.econbiz.de/10005785925
of firm organization of Marin and Verdier (2012) to examine how offshoring affects the way firms organize. We show that … the offshoring of production tasks leads firms to reorganize with a more decentralized management, improving the … competitiveness of the offshoring firms. We show further that the offshoring of managerial tasks relaxes the constraint on managers …
Persistent link: https://www.econbiz.de/10010939047
This paper views authority as the right to undertake decisions that impose externalities on other members of the organization. When only decision rights can be contractually assigned to one of the organization’s stakeholders, the optimal assignment minimizes the resulting inefficiencies...
Persistent link: https://www.econbiz.de/10005785804
of intrafirm imports from that region. These factors also favor outsourcing over offshoring. In contrast, low … alternative suppliers in Eastern Europe) favor offshoring over outsourcing. Tax holidays granted by host countries in Eastern … share of intrafirm trade between Austria or Germany on the one hand and Eastern Europe on the other. Furthermore, I present …
Persistent link: https://www.econbiz.de/10005785813
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004We address the question of how the internal organization of partnerships can be affected by moral hazard behavior of their division(s)/agent(s). We explore cases where two entregreneurs, each employing one agent subject ot...
Persistent link: https://www.econbiz.de/10005785833
The efficient allocation of control rights in inter-firm collaborations is a widely emphasized issue. In this paper, I empirically identify control rights and the allocation of these rights using a unique survey data set on collaborations between biotechnology and pharmaceutical firms. Fifteen...
Persistent link: https://www.econbiz.de/10005785843
integration is shown to lead to waves of outsourcing and to convergence in corporate cultures across countries. …
Persistent link: https://www.econbiz.de/10005785859
We analyze a two-stage game between two heterogeneous players. At stage one, common risk is chosen by one of the players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition. The game is solved theoretically and then tested by...
Persistent link: https://www.econbiz.de/10005785871
In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow across countries. Frequently, foreign direct investment is financed in the host country without an international capital movement. We develop a model in which the optimal choice of...
Persistent link: https://www.econbiz.de/10005785878