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There are several theoretical accounts of public sector outsourcing. We note that leading theories give different … predictions of the influence of political variables and test the predictions on a Swedish data set in which outsourcing varies … suggests that the political color of the ruling majority matters for outsourcing, which is consistent with the citizen …
Persistent link: https://www.econbiz.de/10009251245
The make-or-buy decision is analyzed in a simple framework combining contractual incompleteness with the existence of imperfect but contractible performance measures. Contractual incompleteness gives rise to two regimes, identified with make and buy. The performance measure on which...
Persistent link: https://www.econbiz.de/10008502563
The make-or-buy decision is analyzed in a three-layer principal-management-agent model. There is a cost-saving/quality tradeoff in effort provision. The principal chooses between employing an in-house management and contracting with an independent management; the cost-saving incentives facing...
Persistent link: https://www.econbiz.de/10005645337
We survey the literature on the effects of public sector outsourcing. Guided by theory, we systematically arrange … indicates that public sector outsourcing generally reduces costs without hurting quality. This is clearly the case for … “perfectly contractible services” like garbage collection, but outsourcing often seems to work reasonably well also for some …
Persistent link: https://www.econbiz.de/10009147384
Value Based Management (VBM) has become a common tool for ex ante and ex post evaluation of corporate strategies and projects from the perspective of shareholder value maximization (SVM). VBM-frameworks are designed to support investment and divestment decisions, ex post evaluation of management...
Persistent link: https://www.econbiz.de/10005645280
-rational modes underlie both the erratic perturbations of entrepreneurship and the systematic waves of diffusion they initiate which … possible by financial intermediation. They imply asymmetric changes in individual welfare. The markets for entrepreneurship …
Persistent link: https://www.econbiz.de/10011019055
It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness...
Persistent link: https://www.econbiz.de/10011211884
Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions … entrepreneurship often omitted by standard capital taxation theory are incorporated into the analysis. This includes the lack of a well …. When unique attributes of entrepreneurship are taken into account, some major conclusions of capital taxation models no …
Persistent link: https://www.econbiz.de/10005082489
Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper … is more likely to enter into entrepreneurship. In the theoretical model proposed, abilities are an outcome of talent and …
Persistent link: https://www.econbiz.de/10005025459
We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...
Persistent link: https://www.econbiz.de/10005025461