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Saint-Paul, Gilles - 2002

This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …

Persistent link: https://www.econbiz.de/10010262480

Evolution and the growth process: Natural selection of entrepreneurial traits

Galor, Oded; Michalopoulos, Stelios - 2012

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of … economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit … evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting …

Persistent link: https://www.econbiz.de/10010282576

Long-run selection and the work ethic

Josephson, Jens; Waerneryd, Karl - 2004

That individuals contribute in social dilemma interactions even when contributing is costly is a well-established observation in the experimental literature. Since a contributor is always strictly worse off than a non-contributor the question is raised if an intrinsic motivation to contribute...

Persistent link: https://www.econbiz.de/10010261072

International trade and cultural diversity : a model of preference selection

Bala, Vankatesh; Long, Ngo Van - 2004

We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much …

Persistent link: https://www.econbiz.de/10010261231

A new perspective on : evolutionary processes and organizational adaptation

Knudsen, Thorbjørn - In: Journal of organization design : JOD 11 (2022) 3, pp. 111-114

Persistent link: https://www.econbiz.de/10013535894

The Hold-Down Problem and the Boundaries of the Firm: Lessons from a Hidden Action Model with Endogenous Outside Option

Schnedler, Wendelin; Sunde, Uwe - 2002

This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...

Persistent link: https://www.econbiz.de/10010262786

Bribery vs. extortion: allowing the lesser of two evils

Khalil, Fahad; Lawarrée, Jacques; Yun, Sungho - 2007

Rewards to prevent supervisors from accepting bribes create incentives for extortion. This raises the question whether a supervisor who can engage in bribery and extortion can still be useful in providing incentives. By highlighting the role of team work in forging information, we present a...

Persistent link: https://www.econbiz.de/10010264126

Contractual and organizational structure with reciprocal agents

Englmaier, Florian; Leider, Stephen - 2008

Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...

Persistent link: https://www.econbiz.de/10010264451

Centralized vs. de-centralized multinationals and taxes

Nielsen, Søren Bo; Raimondos-Møller, Pascalis; … - 2005

The paper examines how country tax differences affect a multinational enterprise's choice to centralize or de-centralize its decision structure. Within a simple model that emphasizes the multiple conflicting roles of transfer prices in MNEs - here, as a strategic pre-commitment device and a tax...

Persistent link: https://www.econbiz.de/10010276289

Urban Specialisation; from Sectoral to Functional

Gervais, Antoine; Markusen, James R.; Venables, Anthony J. - 2021

The comparative advantage of many cities is based on their efficiency in the production of ‘functions’, e.g., business services such as finance, law, engineering, or similar functions that are used by firms in a wide range of sectors. Firms that use these functions may choose to source them...

Persistent link: https://www.econbiz.de/10013250045