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principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational …We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … inefficiencies remain. In contrast, when agents compete to be hired, efficiency improves dramatically, and it increases in the …
Persistent link: https://www.econbiz.de/10005703707
, and international trade also raise firm efficiency in the industry. Results strongly confirm that market competition …The Slovenian transition represents a slow but steady liberalization of constraints on competition. Using a unique … longitudinal data set on all manufacturing firms in Slovenia over the period 1994-2001, this study analyzes how firm efficiency …
Persistent link: https://www.econbiz.de/10005822655
globalization through the impact of increased competition and foreign direct investment on domestic firms’ efforts to raise their … into account firm heterogeneity. We find support for the prediction that competition has a negative effect on innovation … are important channels for domestic firm innovation. We do not find support for the inverted U effect of competition on …
Persistent link: https://www.econbiz.de/10005703100
and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the …
Persistent link: https://www.econbiz.de/10010884338
. We conclude that the household efficiency does yield empirically falsifiable restrictions despite being scarcely rejected …
Persistent link: https://www.econbiz.de/10011268877
there is a tradeoff as to efficiency and inequality with respect to services that are contracted to private companies in a …
Persistent link: https://www.econbiz.de/10011265645
There is substantial cross-country variation in secondary school design, with some countries tracking students into different ability schools very early, and other countries with little or no tracking at all. Does tracking length affects school performance, as measured by standardized test...
Persistent link: https://www.econbiz.de/10005233754
We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry of vacancies and on-the-job search. The decentralized economy with monopsonistic wage setting yields too many vacancies and hence too low unemployment compared to first best....
Persistent link: https://www.econbiz.de/10005233771
, there is some reason hope that private provision might promote microeconomic efficiency and services which are more … choice and innovation. Second, however, efficiency gains have often been limited. This is due to a number of inter … competition. (d) The fiscal incentives necessary to stimulate private provision are high, and have welfare costs of their own …
Persistent link: https://www.econbiz.de/10005233830
We analyze the efficiency and productivity growth of a representative sample of Portuguese hospitals from 1997 to 2004 … productivity indicator that is decomposed into the usual constituents of productivity growth: technological change and efficiency …
Persistent link: https://www.econbiz.de/10005233852