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University-Industry Spillovers, Government Funding, and Industrial Consulting

Jensen, Richard - 2010

This paper presents a theoretical model of faculty consulting in the context of government and industry funding for research within the university, which then frames an empirical analysis of the funding and consulting of 458 individual faculty inventors from 8 major US universities. In the...

Persistent link: https://www.econbiz.de/10012462919

Tax Policy, Venture Capital, and Entrepreneurship

Keuschnigg, Christian - 2000

The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk project each but have no own resources. Financiers provide equity finance. They must structure the entrepreneur's profit share and base salary to assure their incentives for full...

Persistent link: https://www.econbiz.de/10012470760

Optimal Risk Management Using Options

Ahn, Dong-Hyun - 1997

This paper addresses the question of how an institution might optimally manage the market risk of a given exposure. We provide an analytical approach to optimal risk management under the assumption that the institution wishes to minimize its Value-at-Risk (VaR) using options follows a geometric...

Persistent link: https://www.econbiz.de/10012472656

Cashier or Consultant? Entry Labor Market Conditions, Field of Study, and Career Success

Altonji, Joseph G. - 2014

We analyze the early labor market outcomes of U.S. college graduates from the classes of 1974 to 2011, as a function of the economic conditions into which they graduated. We have three main findings. First, poor labor market conditions substantially disrupt early careers. A large recession at...

Persistent link: https://www.econbiz.de/10012458134

Hoping to Win, Expected to Lose : Theory and Lessons on Micro Enterprise Development

Karlan, Dean - 2012

Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...

Persistent link: https://www.econbiz.de/10012460338

Outsourcing at Will : Unjust Dismissal Doctrine and the Growth of Temporary Help Employment

Autor, David H. - 2000

a simple model of employment outsourcing, the primary implication of which is that firms will respond to externally … imposed firing costs by outsourcing positions requiring the least firm-specific skills rather than those with the highest …

Persistent link: https://www.econbiz.de/10012471218

Incomplete Contracts and Industrial Organization

Grossman, Gene M. - 1999

We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...

Persistent link: https://www.econbiz.de/10012471481

Outsourcing, Inequality and Aggregate Output

Bilal, Adrien; Lhuillier, Hugo - National Bureau of Economic Research - 2021

Outsourced workers experience large wage declines, yet domestic outsourcing may raise aggregate productivity. To study … wage premia. Second, outsourcing raises output at the firm level. Third, contractors endogenously locate at the bottom of … the job ladder, implying that outsourced workers receive lower wages. Using firm-level instruments for outsourcing and …

Persistent link: https://www.econbiz.de/10012660026

Market Fragmentation

Chen, Daniel - 2020

We model a simple market setting in which fragmentation of trade of the same asset across multiple exchanges improves allocative efficiency. Fragmentation reduces the inhibiting effect of price-impact avoidance on order submission. Although fragmentation reduces market depth on each exchange, it...

Persistent link: https://www.econbiz.de/10012479351

Digital Capital and Superstar Firms

Tambe, Prasanna - 2020

General purpose technologies like information technology typically require complementary firm-specific investments to create value. These complementary investments produce a form of capital, which is typically intangible and which we call digital capital. We create an extended firm-level panel...

Persistent link: https://www.econbiz.de/10012482503