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Why is a Flexible World More Insecure? The Way Outsourcing Amplifies Uncertainty

Thesmar, David; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2002

This Paper presents a macroeconomic model where firms may endogenously outsource part of their production process. We start from the premise that adaptation to uncertainty cannot be contracted upon in the worker - employer relationship. Outsourcing decisions then balance flexibility gains...

Persistent link: https://www.econbiz.de/10005789121

Try Me! On Job Assignments as a Screening Device

Carrillo, Juan D - C.E.P.R. Discussion Papers - 2000

We study the optimal allocation of screening tasks between two agents (incumbent vs. outsider or senior vs. junior) competing for one job. First, we characterize the inefficiencies from the principal's viewpoint of delegating the selection of the screening procedure to the incumbent. In general,...

Persistent link: https://www.econbiz.de/10005789059

Organization of Multinational Activities and Ownership Structure

Mugele, Christian; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2006

We develop a model in which multinational investors decide about the modes of organization, the locations of production, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further assume that investors face costs of control that vary...

Persistent link: https://www.econbiz.de/10005791570

Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production

Antràs, Pol - C.E.P.R. Discussion Papers - 2011

I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...

Persistent link: https://www.econbiz.de/10009320400

Protection and International Sourcing

Ornelas, Emanuel; Turner, John L. - C.E.P.R. Discussion Papers - 2010

We study the impact of import protection on relationship-specific investments, organizational choice and welfare. We show that a tariff on intermediate inputs can improve social welfare through mitigating hold-up problems. It does so if it discriminates in favor of the investing parties, which...

Persistent link: https://www.econbiz.de/10008680752

Assessing the impact of Mali’s water privatization across stakeholders

Estache, Antonio; Grifell-Tatjé, Emili - C.E.P.R. Discussion Papers - 2011

This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization experience in Mali among labor, investors, intermediate input providers, users and taxpayers. The assessment is based on indicator duality and production theory. The paper shows that...

Persistent link: https://www.econbiz.de/10009399719

A Simple Scheme to Improve the Efficiency of Referenda

Casella, Alessandra; Gelman, Andrew - C.E.P.R. Discussion Papers - 2005

This paper proposes a simple scheme designed to elicit and reward intensity of preferences in referenda: voters faced with a number of binary proposals are given one regular vote for each proposal plus an additional number of bonus votes to cast as desired. Decisions are taken according to the...

Persistent link: https://www.econbiz.de/10005124488

The Regulation of Entry

Djankov, Simeon; La Porta, Rafael; López-de-Silanes, … - C.E.P.R. Discussion Papers - 2001

We present new data on the regulation of entry of start-up firms in 85 countries. The data covers the number of … are extremely high in most countries. Countries with heavier regulation of entry have higher corruption and larger … have lighter regulation of entry. The evidence is inconsistent with public interest theories of regulation, but supports …

Persistent link: https://www.econbiz.de/10005661441

Enforcement of Regulation, Informal Labour, Firm Size and Firm Performance

Almeida, Rita; Carneiro, Pedro - C.E.P.R. Discussion Papers - 2006

This paper investigates how enforcement of labour regulation affects the firm's use of informal labour, firm size and … level, and administrative data on enforcement of regulation at the city level, we show that in areas where law enforcement …

Persistent link: https://www.econbiz.de/10005661940

Deregulation of Business

Yakovlev, Evgeny; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2007

exogenous variation in regulation generated by the interaction of reform and its institutional determinants, we find a … health. The results support public choice theory of the nature of regulation and are inconsistent with the predictions of …

Persistent link: https://www.econbiz.de/10005667109