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The Anglo-German Productivity Puzzle, 1895-1935: A Restatement and a Possible Resolution

Ritschl, Albrecht - London School of Economics and Political Science - 2008

Recent research on international productivity comparisons has focused on the discrepancies between benchmark … comparisons and time series extrapolations from other benchmarks. For a 1907 benchmark, Stephen Broadberry and Carsten Burhop … benchmark is consistent with their 1907 benchmark, provided that a traditional but disputed industrial production series of …

Persistent link: https://www.econbiz.de/10005870508

Status Incentives

Besley, Timothy; Ghatak, Maitreesh - London School of Economics and Political Science - 2008

When economists study incentives in organizations,the main focus has been on using monetary paymentsin exchange for performance on specific measurabledimensions. But organizations use a wide varietyof means to motivate their workers. One suchmethod which has not been studied much to date, isthe...

Persistent link: https://www.econbiz.de/10008860721

Efficiency among Private Railway Companies in a weakly Regulated System: The Case of Britain’s Railways in 1893-1912

Mulatu, Abay; Crafts, Nicholas F. R. - London School of Economics and Political Science - 2005

This paper uses a stochastic cost frontier model to investigate the efficiency of Britain’s private railways during the period 1893-1912. We find that there was substantial inefficiency in the industry with no sign of reduction over time. Our main conclusion is that principal agent problems...

Persistent link: https://www.econbiz.de/10005870948