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Competition, Hidden Information and Efficiency: An Experiment
Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2006
We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … principals. We first show theoretically how these different degrees of competition affect outcomes and efficiency. Informational … relative number of agents because competition reduces the agents’ informational monopoly power. However, this environment also …
Persistent link: https://www.econbiz.de/10005703707
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Redistributive Politics and Market Efficiency: An Experimental Study
Großer, Jens; Reuben, Ernesto - Institute for the Study of Labor (IZA) - 2009
We study the interaction between competitive markets that produce large but unequally distributed welfare gains and elections through which the poor majority can redistribute income away from the rich minority. In our simple laboratory democracy, subjects first earn their income by trading in a...
Persistent link: https://www.econbiz.de/10008527327
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Nonparametric Identification and Estimation of Nonadditive Hedonic Models
Heckman, James J.; Matzkin, Rosa; Nesheim, Lars - Institute for the Study of Labor (IZA) - 2009
This paper studies the identification and estimation of preferences and technologies in equilibrium hedonic models. In it, we identify nonparametric structural relationships with nonadditive heterogeneity. We determine what features of hedonic models can be identified from equilibrium...
Persistent link: https://www.econbiz.de/10005029645
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Survival, Growth, and Interfirm Collaboration of Start-Up Companies in High-Technology Industries: A Case Study of Upper Bavaria
Hampe, Johannes; Steininger, Martin - Institute for the Study of Labor (IZA) - 2001
Our analysis of the survival of firms leads to the important result that the hypotheses about differences between various industries in the life duration of new firms and about the importance of the region of location for the probability of survival are confirmed. Many more enterprises are...
Persistent link: https://www.econbiz.de/10005703089
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Entrepreneurship and the Process of Firms’ Entry, Survival and Growth
Santarelli, Enrico; Vivarelli, Marco - Institute for the Study of Labor (IZA) - 2006
This survey paper aims at critically discussing the recent literature on firm formation and survival and the growth of new-born firms. The basic purpose is to single out the microeconomic entrepreneurial foundations of industrial dynamics (entry and exit) and to characterise the founder’s...
Persistent link: https://www.econbiz.de/10005703552
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Discrete Innovation, Continuous Improvement, and Competitive Pressure
Ghosh, Arghya; Kato, Takao; Morita, Hodaka - Institute for the Study of Labor (IZA) - 2007
Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental improvements and modifications made upon the...
Persistent link: https://www.econbiz.de/10005822187
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Product Market Regulation and Macroeconomic Performance: A Review of Cross Country Evidence
Schiantarelli, Fabio - Institute for the Study of Labor (IZA) - 2005
The main purpose of this paper is to provide a critical overview of the recent empirical contributions that use cross country data to study the effect of product market regulation and reform on a country’s macroeconomic performance. After a brief review of the theoretical literature and of...
Persistent link: https://www.econbiz.de/10005822371
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Informality as a Stepping Stone: Entrepreneurial Entry in a Developing Economy
Bennett, John; Estrin, Saul - Institute for the Study of Labor (IZA) - 2007
We model decisions with respect to formality or informality for entrepreneurs in a new industry for a developing economy. We show that informality allows a leader to explore, without significant sunk costs, the potential profitability of the industry; that is, informality may be a stepping...
Persistent link: https://www.econbiz.de/10005763577
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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
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Media Slant Against Foreign Owners: Downsizing
Friebel, Guido; Heinz, Matthias - Institute for the Study of Labor (IZA) - 2012
We establish the existence of strong media slant against foreign owners. Using a unique data set from nation-wide distributed quality newspapers in Germany, we find that a foreign firm that downsizes in Germany receives almost twice as much attention than a domestic firm. This quantitative slant...
Persistent link: https://www.econbiz.de/10011096063