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Measuring the Impact Factor of Agents within an Organization Using Communication Patterns

Palacios-Huerta, Ignacio; Prat, Andrea - C.E.P.R. Discussion Papers - 2010

Organizational economics predicts that communication patterns within an organization should reflect the relative value … of their members to the organization. We propose to measure the impact factor of an agent by applying the Invariant …

Persistent link: https://www.econbiz.de/10008684690

Why organizations fail: models and cases

Garicano, Luis; Rayo, Luis - C.E.P.R. Discussion Papers - 2015

Organizations fail due to incentive problems (agents do not want to act in the organization's interests) and bounded …

Persistent link: https://www.econbiz.de/10011165668

Intelligence Failures: An Organizational Economics Perspective

Garicano, Luis; Posner, Richard A. - C.E.P.R. Discussion Papers - 2005

Two recent failures of the United States intelligence system have led to the creation of high-level investigative commissions. The failure to prevent the terrorist attacks of 9/11 prompted the creation of the 9/11 Commission, and the mistaken belief that Saddam Hussein had retained weapons of...

Persistent link: https://www.econbiz.de/10005656431

The Benefits and Costs of Group Affiliation: Evidence from East Asia

Claessens, Stijn; Fan, Joseph P.H.; Lang, Larry - C.E.P.R. Discussion Papers - 2002

This Paper investigates the benefits and associated agency costs of using internal capital markets through affiliating … with groups using data of two thousand firms from nine East Asian economies between 1994-96. We find that mature and slow …-growth firms are more likely lose. Agency problems are important explanatory factors of firm value in economies outside Japan, but …

Persistent link: https://www.econbiz.de/10005136452

The Long-Lived Effects of Historic Climate on the Wealth of Nations

Bluedorn, John; Valentinyi, Akos; Vlassopoulos, Michael - C.E.P.R. Discussion Papers - 2009

We investigate the long-run consequences of historic, climatic temperatures (1730-2000) for the modern cross-country income distribution. Using a newly constructed dataset of climatic temperatures stretching over three centuries (18th, 19th, and 20th), we estimate a robust and significant...

Persistent link: https://www.econbiz.de/10008491725

The Right Amount of Trust

Butler, Jeff; Giuliano, Paola; Guiso, Luigi - C.E.P.R. Discussion Papers - 2009

A vast literature has investigated the relationship between trust and aggregate economic performance. We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs available...

Persistent link: https://www.econbiz.de/10008528520

Economic Reform, Democracy and Growth during Post-Communist Transition

Fidrmuc, Jan - C.E.P.R. Discussion Papers - 2001

This Paper explores interactions between growth, economic liberalization and democratization during transition. The results can be summarized as follows: (1) Liberalization has a strong positive effect on growth during transition. This holds also when controlling for possible endogeneity of...

Persistent link: https://www.econbiz.de/10005114240

Central Bank Independence and Monetary Policymaking Institutions - Past Present and Future

Cukierman, Alex - C.E.P.R. Discussion Papers - 2007

This is an extensive survey of worldwide developments in the area of monetary policymaking institutions during the second half of the twentieth century and beyond. In addition the last section discusses current open issues and future challenges. Section 2 reviews the changes that have occurred...

Persistent link: https://www.econbiz.de/10005666788

The Aftermath of the 1992 ERM Break-up: Was There a Macroeconomic Free Lunch?

Gordon, Robert J - C.E.P.R. Discussion Papers - 1999

This paper examines the macroeconomic aftermath of the 1992 breakdown of the European Exchange Rate Mechanism (ERM). The economic performance of six "leaver" nations is compared with five "stayer" nations that maintained a roughly fixed parity with the Deutsche Mark. Recent writing about...

Persistent link: https://www.econbiz.de/10005791259

Forms of Democracy, Policy and Economic Development

Persson, Torsten - C.E.P.R. Discussion Papers - 2005

The paper combines insights from the recent research programs on constitutions and economic policy, and on history, institutions and growth. Drawing on cross-sectional as well as panel data, it presents new empirical results showing that the form of democracy (rather than democracy vs....

Persistent link: https://www.econbiz.de/10005791650