Showing 1 - 10 of 12
This paper studies how the introduction of social learning with costs to delay affects coordination games with … incomplete information. We present a tractable noisy dynamic coordination game with social learning and costs to delay. We show … of analogous static coordination games explicates the role of social learning. The analysis is carried out for both …
Persistent link: https://www.econbiz.de/10010884536
We model the coordination of specialised tasks inside an organisation as "attribute matching". Using this method, we … changes. Compared to the U-form, the M-form organisation achieves better coordination but suffers from fewer economies of …
Persistent link: https://www.econbiz.de/10010928762
analyze the optimal chain of command given that different agents have different tasks: some agents are engaged in coordination …
Persistent link: https://www.econbiz.de/10010744898
engineering management. We examine three aspects involved in outsourcing and offshoring, namely, sourcing models, coordination …
Persistent link: https://www.econbiz.de/10010745387
This paper develops a sociomaterial perspective on digital coordination. It extends Pickering’s mangle of practice by … involved in coordination are embedded in the past, present, and future. We draw on an in-depth field study conducted between … community. Three coordination tensions are identified at different temporal dimensions, namely obtaining adequate transparency …
Persistent link: https://www.econbiz.de/10011126070
This paper describes a method for estimating panels by imposing a factor structure on the residuals. The method allows SUR estimation of panel models by providing a full-rank estimator of the system covariance matrix when the usual estimate is rank-deficient. We charactersie completely the...
Persistent link: https://www.econbiz.de/10010745285
Using the restrictions implied by the heteroskedasticity of stock returns, we identify four factors in the U.S. industry returns. The first correlates highly with the market portfolio; the second is a portfolio of stocks that produce investment goods minus stocks that produce consumption goods;...
Persistent link: https://www.econbiz.de/10010745356
We contrast two approaches to the prediction of latent variables in the model of factor analysis. The likelihood statistic is a sufficient statistic for the unobservables when sampling arises from the exponential family of distributions. Linear predictors, on the other hand, can be obtained as...
Persistent link: https://www.econbiz.de/10010745989
This paper investigates the effect of minimum wages on employment using a panel of US state-based data. We estimate a minimalist dynamic version of the specification implied by neo-classical theory. We find statistically and economically significant effects of minimum wages on youth employment....
Persistent link: https://www.econbiz.de/10010746492
Pairwise maximum likelihood (PML) estimation method is developed for factor analysis models with ordinal data and fitted both in an exploratory and confirmatory set-up. The performance of the method is studied via simulations and comparisons with full information maximum likelihood (FIML) and...
Persistent link: https://www.econbiz.de/10011071409