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A single macroeconomic factor based on growth in the capital share of aggregate income exhibits significant explanatory power for expected returns across a range of equity characteristic portfolios and non-equity asset classes, with risk price estimates that are of the same sign and similar in...
Persistent link: https://www.econbiz.de/10012457922
Efforts to attract and retain effective educators in high poverty public schools have had limited success. Dallas ISD addressed this challenge by using information produced by its evaluation and compensation reforms as the basis for effectiveness-adjusted payments that provided large...
Persistent link: https://www.econbiz.de/10014247973
specific contributions of leaders. Leadership is the ability to successfully manage transaction costs of an organization …To understand leadership, it is necessary to understand the purpose of an organization. Organizations are hierarchies … with leaders at the top. Why do we have leaders instead of an algorithm making decisions? The theory of the firm recognizes …
Persistent link: https://www.econbiz.de/10012585411
Persistent link: https://www.econbiz.de/10001686747
We present a mechanism based on managerial incentives through which common ownership affects product market outcomes. Firm-level variation in common ownership causes variation in managerial incentives and productivity across firms, which leads to intra-industry and intra-firm cross-market...
Persistent link: https://www.econbiz.de/10013477278
This paper shows that the move to offset printing from letterpress in the U.S. daily newspaper publishing industry was determined, in part, by the structure of the local market. Although in monopoly markets, low circulation papers were quicker to adopt than high circulation papers, the ranking...
Persistent link: https://www.econbiz.de/10012471720
This paper uses an individual-level data set to analyze the determinants of individual preferences over immigration policy in the United States. In particular, we test for a link from individual skill levels to stated immigration-policy preferences. Different economic models make contrasting...
Persistent link: https://www.econbiz.de/10012471861
This paper presents theoretical and empirical evidence demonstrating the ways in which" the changing market structure of American higher education from 1940 to the present affected" college prices and college quality. Over this period, the market for baccalaureate education" became significantly...
Persistent link: https://www.econbiz.de/10012472492
This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on a route averages thirty-six percent of the...
Persistent link: https://www.econbiz.de/10012475215
Pricing carbon emissions from a jurisdiction could harm the competitiveness of local firms, causing the leakage of …
Persistent link: https://www.econbiz.de/10012479153