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Testing a Forgotten Aspect of Akerlof's Gift Exchange Hypothesis: Relational Contracts with Individual and Uniform Wages
Kocher, Martin G.; Luhan, Wolfgang J.; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2012
Empirical work on Akerlof's theory of gift exchange in labor markets has concentrated on the fair wage-effort hypothesis. In fact, however, the theory also contains a social component that stipulates that homogenous agents that are employed for the same wage level will exert more effort,...
Persistent link: https://www.econbiz.de/10011279270
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Strategic Mismatches in Competing Teams
Kräkel, Matthias - Institute for the Study of Labor (IZA) - 1999
This paper discusses the strategic role of mismatching, where players voluntarily form inefficient teams or forego the formation of efficient teams, respectively. Strategic mismatching can be rational when players realize a competitive advantage (e.g. harming other competitors). In addition, the...
Persistent link: https://www.econbiz.de/10005703300
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A Helping Hand or the Long Arm of the Law? Experimental Evidence on What Governments Can Do to Formalize Firms
Andrade, Gustavo Henrique de; Bruhn, Miriam; McKenzie, David - Institute for the Study of Labor (IZA) - 2013
, through increasing enforcement of existing regulations. We conducted a field experiment in Belo Horizonte, Brazil, in order to … enforcement visit from a municipal inspector; while the fourth group was assigned to have a neighboring firm receive an … enforcement visit to see if enforcement has spillovers. We find zero or negative impacts of information and free cost treatments …
Persistent link: https://www.econbiz.de/10010960119
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Legal Corruption, Politically Connected Corporate Governance and Firm Performance
Domadenik, Polona; Prašnikar, Janez; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2014
In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...
Persistent link: https://www.econbiz.de/10010884312
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Determinants and Policy Simulation of Firms Cooperation in Innovation
Heshmati, Almas; Lenz-Cesar, Flávio - Institute for the Study of Labor (IZA) - 2013
This research introduces an agent-based simulation model representing the dynamic processes of cooperative R&D in the manufacturing sector of South Korea. Firms' behavior is defined according to empirical findings on the Korean Innovation Survey 2005 and captured in a multivariate probit...
Persistent link: https://www.econbiz.de/10010884320
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Regulation, Trust, and Cronyism in Middle Eastern Societies: The Simple Economics of 'Wasta'
Barnett, Andy; Yandle, Bruce; Naufal, George S - Institute for the Study of Labor (IZA) - 2013
Despite being a fixture of everyday life in the Arab world, wasta, which may be thought of as special influence by members of the same group or tribe, has received little attention from social scientists. Our casual empiricism suggests that wasta is an important determinant of how economic...
Persistent link: https://www.econbiz.de/10010959531
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Skill Shortages in German Establishments
Bellmann, Lutz; Hübler, Olaf - Institute for the Study of Labor (IZA) - 2014
This paper investigates the development of skill shortage during the period 2007-2012. Using the IAB establishment panel, we find differences for the years before, during and after the Great Recession. Furthermore, we analyze the importance of firm characteristics and that of some specific...
Persistent link: https://www.econbiz.de/10010959553
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Birthplace Diversity and Productivity Spill-overs in Firms
Böheim, René; Horvath, Thomas; Mayr, Karin - Institute for the Study of Labor (IZA) - 2014
We determine workforce composition and wages in firms in the presence of productivity spill-overs between co-workers. In equilibrium, workers' wages depend on the production structure of firms, own group size, and aggregate workforce composition in the firm. We estimate the wage effects of...
Persistent link: https://www.econbiz.de/10010959619
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Regional Determinants of Establishments' Innovation Activities: A Multi-Level Approach
Bellmann, Lutz; Crimmann, Andreas; Evers, Katalin; … - Institute for the Study of Labor (IZA) - 2013
This paper analyses the determinants of different innovation types. Beside a wide range of firm characteristics also the effects of regional factors are estimated using three-level random effect logit models which account for the clustered and longitudinal structure of the data. The analyses...
Persistent link: https://www.econbiz.de/10010959654
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Who Do Unions Target? Unionization over the Life-Cycle of U.S. Businesses
Dinlersoz, Emin; Greenwood, Jeremy; Hyatt, Henry R. - Institute for the Study of Labor (IZA) - 2014
union certification election. The model predicts two main selection effects: unions secure elections in larger and more … likely to win in smaller and less productive ones. These predictions find support in union certification election data for …
Persistent link: https://www.econbiz.de/10010959698