Showing 1 - 10 of 23
Throughout modern business history, contract has been used as an organizational technology that holds counterparties in … study, we draw attention to two different ways of designing the organizational technology of contract: a process … organizational awareness is needed supported by an alternative conceptualization of contract as a technology or connectedness. …
Persistent link: https://www.econbiz.de/10010744884
This paper presents a pairwise matching model with two-sided information asymmetry to analyse the impact of information costs on endogenous network building and matching by information intermediaries. The framework innovates by examining the role of information costs on incentives for trade...
Persistent link: https://www.econbiz.de/10010745054
Nash equilibrium. Finally, competition is affected by the technology of network development. The analysis shows that either … a monopoly or a fragmented duopoly can prevail in equilibrium, depending on the network-building technology. Under …
Persistent link: https://www.econbiz.de/10010746133
This paper examines the importance of social and geographical networks in structuring entry into skilled occupations in … little evidence that networks strongly shaped apprentice recruitment. The typical London apprentice did not have an …
Persistent link: https://www.econbiz.de/10010746261
Passage of the Dodd-Frank financial reform bill, in conjunction with a Supreme Court ruling supporting a Freedom of Information Act request, required the Federal Reserve (Fed) to disclose bank-specific information about its emergency lending during the financial crisis. The disclosures revealed...
Persistent link: https://www.econbiz.de/10011170086
The Financial Crisis that started in 2007 ushered in new responsibilities for central banks, particularly for what is termed “macro-prudential policy,” or MPP. The goal of this policy is to monitor and contain overall risk in the financial sector. Implementing MPP, however, carries the...
Persistent link: https://www.econbiz.de/10011170090
How have the politics of banking crises changed over the long run? Unlike existing static accounts, we offer a dynamic theory emphasizing how the emergence of voters’ “great expectations” after the 1930s concerning crisis prevention and mitigation reshaped the politics of banking crises in...
Persistent link: https://www.econbiz.de/10011170091
How does the change in the creditworthiness of a financial institution or sovereign impact its creditors’ solvency? I address this question in the context of the recent European sovereign debt crisis. Considering the network of Eurozone member states, interlinked through investment...
Persistent link: https://www.econbiz.de/10011170094
We study the effect of a large set of department characteristics on individual publication records. We control for many individual time-varying characteristics, individual fixed-effects and reverse causality. Department characteristics have an explanatory power that can be as high as that of...
Persistent link: https://www.econbiz.de/10011126397
Research in this article traces the origins of a not-for-profit financial institution the Society for Worldwide Interbank Financial Telecommunications (S.W.I.T.). Swift is a core part of the financial services infrastructure and widely regarded as the most secure trusted third party network in...
Persistent link: https://www.econbiz.de/10011071267