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Offshoring: general equilibrium effects on wages, production and trade

Baldwin, Richard E.; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2007

A simple model of offshoring is used to integrate the complex gallery of results that exist in the theoretical … offshoring/fragmentation literature. The paper depicts offshoring as ‘shadow migration’ and shows that this allows … conditions are provided). We show that offshoring requires modification of the four HO theorems, so econometricians who ignore …

Persistent link: https://www.econbiz.de/10010744894

Outsourcing and offshoring engineering projects: understanding the value, sourcing models, and coordination practices

Willcocks, Leslie P.; Oshri, Ilan; Kotlarsky, Julia; … - London School of Economics (LSE) - 2011

In this paper, we review recent developments in the field of outsourcing and offshoring and the implications for … engineering management. We examine three aspects involved in outsourcing and offshoring, namely, sourcing models, coordination …

Persistent link: https://www.econbiz.de/10010745387

Landing the first job: the value of intermediaries in online hiring

Stanton, Christopher; Thomas, Catherine - London School of Economics (LSE) - 2012

Online marketplaces for remote labor services allow workers and firms to contract with each other directly. Despite this, a large fraction of the workforce is affiliated with small, autonomous intermediary organizations that are widespread within these markets. This paper shows that...

Persistent link: https://www.econbiz.de/10011126476

Landing the first job: the value of intermediaries in online hiring

Stanton, Christopher; Thomas, Catherine - London School of Economics (LSE) - 2014

Online markets for remote labor services allow workers and firms to contract with each other directly. Despite this, intermediaries - called outsourcing agencies - have emerged in these markets. This paper shows that agencies signal to employers that inexperienced workers are high quality....

Persistent link: https://www.econbiz.de/10011126576

Environmental prices, uncertainty and learning

Dietz, Simon; Fankhauser, Samuel - London School of Economics (LSE) - 2009

There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivise private behaviour. In practice, setting that price can be extremely difficult as uncertainties abound. There is often uncertainty not just about individual parameters but about the...

Persistent link: https://www.econbiz.de/10010884522

Technology, information and the decentralization of the firm

Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - London School of Economics (LSE) - 2006

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...

Persistent link: https://www.econbiz.de/10010884642

The lifecycle of the financial sector and other speculative industries

Biais, Bruno; Rochet, Jean-Charles; Woolley, Paul - London School of Economics (LSE) - 2009

Speculative industries exploit novel technologies subject to two risks. First, there is uncertainty about the fundamental value of the innovation: is it strong or fragile? Second, it is difficult to monitor managers, which creates moral hazard. Because of moral hazard, managers earn agency rents...

Persistent link: https://www.econbiz.de/10010744809

Productivity, exporting and the learning-by-exporting hypothesis: direct evidence from UK firms

Crespi, Gustavo; Criscuolo, Chiara; Haskel, Jonathan - London School of Economics (LSE) - 2006

innovation is that we also have direct data on the sources of learning (in this case about new technologies). Controlling for … they learnt from buyers (relative to learning from other sources). Second, firms who had learned from buyers (more than … for the learning-by-exporting hypothesis. …

Persistent link: https://www.econbiz.de/10010744844

Nursery cities: urban diversity, process innovation and the life-cycle of products

Duranton, Gilles; Puga, Diego - London School of Economics (LSE) - 2000

A simple model of process innovation is proposed, where firms learn about their ideal production process by making prototypes. We build around this a dynamic general equilibrium model, and derive conditions under which diversified and specialised cities coexist. New products are developed in...

Persistent link: https://www.econbiz.de/10010745492

Uncertainty and leveraged Lucas Trees: the cross section of equilibrium volatility risk premia

Vedolin, Andrea - London School of Economics (LSE) - 2012

Volatility risk premia compensate agents for holding assets whose payoffs correlate with times of high return variation. This paper takes a structural approach to explain the cross-section of volatility risk premia of stocks using a Lucas orchard with heterogeneous beliefs, stochastic...

Persistent link: https://www.econbiz.de/10010745732