Narrow search
Showing 1 - 10 of 73
Cover Image
Management Incentives, Signaling Effects and the Costs of Vertical Integration
Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2003
The costs of vertical integration are analyzed within a game-theoretic signaling model. It is shown that a company when being vertically integrated with a supplier may well decide to buy certain components from this supplier even at a lower quality than that offered by external sources. When the...
Persistent link: https://www.econbiz.de/10005703228
Cover Image
Testing Canonical Tournament Theory: On the Impact of Risk, Social Preferences and Utility Structure
Sheremeta, Roman M.; Wu, Steven Y. - Institute for the Study of Labor (IZA) - 2012
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...
Persistent link: https://www.econbiz.de/10009646321
Cover Image
Contracts between Legal Persons
Kornhauser, Lewis A.; MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2010
Contract law and the economics of contract have, for the most part, developed independently of each other. In this … essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize … the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of …
Persistent link: https://www.econbiz.de/10008765228
Cover Image
Optimal Incentive Contracts under Inequity Aversion
Englmaier, Florian; Wambach, Achim - Institute for the Study of Labor (IZA) - 2005
contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters …
Persistent link: https://www.econbiz.de/10005566722
Cover Image
Discrimination as a Competitive Device: The Case of Local Television News
Myers, Caitlin Knowles - Institute for the Study of Labor (IZA) - 2005
Local news offers a unique look not only at customer preferences but also at the strategic response of firms to these preferences. This paper uses a combination of ratings data and newly gathered information on television stations in 25 U.S. markets to examine the decisions of competing firms...
Persistent link: https://www.econbiz.de/10005763638
Cover Image
Necessity Entrepreneurship and Competitive Strategy
Block, Jörn; Kohn, Karsten; Miller, Danny; Ullrich, Katrin - Institute for the Study of Labor (IZA) - 2014
Many start-ups chose to compete with incumbent firms using one of two generic strategies: cost leadership or differentiation. Our study demonstrates how this choice depends on whether the startup was founded out of necessity. Our results, based on a representative data set of 4,568 German...
Persistent link: https://www.econbiz.de/10010779437
Cover Image
An Evaluation of the Employment Effects of Barriers to Outsourcing
Bandyopadhyay, Subhayu; Marjit, Sugata; Yang, Lei - Institute for the Study of Labor (IZA) - 2011
Barriers to outsourcing that are being currently implemented in the US effectively tax its companies who "export" jobs through outsourcing. The objective is to raise domestic employment. Given that many of the important international markets where the US has a comparative advantage feature...
Persistent link: https://www.econbiz.de/10008788726
Cover Image
Reputations, Relationships and the Enforcement of Incomplete Contracts
MacLeod, W. Bentley - Institute for the Study of Labor (IZA) - 2006
incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …
Persistent link: https://www.econbiz.de/10005233793
Cover Image
Industrialization Lessons from BRICS: A Comparative Analysis
Naudé, Wim; Szirmai, Adam; Lavopa, Alejandro - Institute for the Study of Labor (IZA) - 2013
To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...
Persistent link: https://www.econbiz.de/10010884080
Cover Image
A Field Experiment in Motivating Employee Ideas
Gibbs, Michael; Neckermann, Susanne; Siemroth, Christoph - Institute for the Study of Labor (IZA) - 2014
crowding out. Our findings suggest that rewards can improve innovation and creativity, and that there may be a tradeoff between …
Persistent link: https://www.econbiz.de/10010884106