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Garicano, Luis - 2007

Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity … and organization of U.S. lawyers and use the equilibrium model of knowledge hierarchies in Garicano and Rossi …, increasing the ratio between the 95th and 50th percentiles from 3.7 to 4.8. We conclude that the impact of hierarchy on …

Persistent link: https://www.econbiz.de/10012465842

Information Production and Capital Allocation : Decentralized vs. Hierarchical Firms

Stein, Jeremy C. - 2000

costlessly hardened' and passed along within the hierarchy. As a concrete application of the theory, the paper discusses the …

Persistent link: https://www.econbiz.de/10012471056

Hierarchies, Specialization, and the Utilization of Knowledge : Theory and Evidence from the Legal Services Industry

Garicano, Luis - 2004

thousands of law offices from the 1992 Census of Services. The driving force in the model is increasing returns in the … utilization of acquired knowledge. We show how the equilibrium assignment of individuals to hierarchical positions varies with the …

Persistent link: https://www.econbiz.de/10012468261

The Flattening Firm : Evidence from Panel Data on the Changing Nature of Corporate Hierarchies

Rajan, Raghuram - 2003

Using a detailed database of managerial job descriptions, reporting relationships, and compensation structures in over 300 large U.S. firms we find that the number of positions reporting directly to the CEO has gone up significantly over time. We also find that the number of levels between the...

Persistent link: https://www.econbiz.de/10012469065

The Anatomy of French Production Hierarchies

Caliendo, Lorenzo - 2012

We use a comprehensive dataset of French manufacturing firms to study their internal organization. We first divide the employees of each firm into `layers' using occupational categories. Layers are hierarchical in that the typical worker in a higher layer earns more, and the typical firm...

Persistent link: https://www.econbiz.de/10012460401

Mandatory Retirement for Judges Improved Performance on U.S. State Supreme Courts

Ash, Elliott - 2020

Anecdotal evidence often points to aging as a cause for reduced work performance. This paper provides empirical evidence on this issue in a context where performance is measurable and there is variation in mandatory retirement policies: U.S. state supreme courts. We find that introducing...

Persistent link: https://www.econbiz.de/10012482244

Task Allocation and On-the-job Training

Baccara, Mariagiovanna; Lee, SangMok; Yariv, Leeat - National Bureau of Economic Research - 2021

We study dynamic task allocation when providers' expertise evolves endogenously through training. We characterize optimal assignment protocols and compare them to discretionary procedures, where it is the clients who select their service providers. Our results indicate that welfare gains from...

Persistent link: https://www.econbiz.de/10012629532

Ideas Have Consequences : The Impact of Law and Economics on American Justice

Ash, Elliott; Chen, Daniel L.; Naidu, Suresh - National Bureau of Economic Research - 2022

This paper provides a quantitative analysis of the effects of the early law-and- economics movement on the U.S. judiciary. We focus on the Manne Economics Institute for Federal Judges, an intensive economics course that trained almost half of federal judges between 1976 and 1999. Using the...

Persistent link: https://www.econbiz.de/10012938757

Earnings Inequality and Coordination Costs : Evidence From U.S. Law Firms

Garicano, Luis - 2009

in inequality. We first show that earnings inequality among lawyers increased substantially between 1977 and 1992, and … by about 30% more in 1992 than 1977. We find also that changes in lawyers' hierarchical organization account for about 2 …

Persistent link: https://www.econbiz.de/10012463906

Storable Votes and Judicial Nominations in the U.S. Senate

Casella, Alessandra - 2014

We model a procedural reform aimed at restoring a proper role for the minority in the confirmation process of judicial nominations in the U.S. Senate. We analyze a proposal that would call for nominations to the same level court to be collected in periodic lists and voted upon individually with...

Persistent link: https://www.econbiz.de/10012458207

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