Similar Search Results

Dynamic Mergers Effects on R&D Investments and Drug Development Across Research Phases in the Pharmaceutical Industry

Siebert, Ralph - 2020

sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the … effects of M&As on firms' post-merger R&D investments and drug development capabilities across drug development phases. This … study builds on a novel database that enables us to evaluate the post-merger effect at the research project level and across …

Persistent link: https://www.econbiz.de/10012833741

Non-Horizontal Mergers with Investments into Compatibility

Langus, Gregor - 2019

compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …

Persistent link: https://www.econbiz.de/10012871025

Multiproduct Mergers and the Product Mix in Domestic and Foreign Markets

Chan, Jackie M.L; Irlacher, Michael; Koch, Michael - 2022

post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal … between differentiated varieties. After a merger, acquirers drop products from their consolidated domestic product portfolio … and reallocate assets towards core varieties. We further demonstrate that such merger-induced efficiency gains imply …

Persistent link: https://www.econbiz.de/10013290783

Attention-Driven Demand for Bonus Contracts

Dertwinkel-Kalt, Markus - 2019

In many markets supply contracts include a series of small, regular payments made by consumers and a single, large bonus that consumers receive at some point during the contractual period. But, if for instance its production costs exceed its value to consumers, such a bonus creates...

Persistent link: https://www.econbiz.de/10012890631

Bank Bonus Pay as a Risk Sharing Contract

Efing, Matthias - 2019

We argue that risk sharing motivates the bank-wide structure of bonus pay. In the presence of financial frictions that make external financing costly, the optimal contract between shareholders and employees involves some degree of risk sharing whereby bonus pay partially absorbs earnings shocks....

Persistent link: https://www.econbiz.de/10012892088

Incentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods

Bauer, Kevin; Kosfeld, Michael; von Siemens, Ferdinand - 2021

We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated agents to produce a social good. Agents join teams where they allocate effort to either generate individual monetary rewards (selfish effort) or contribute to the production of...

Persistent link: https://www.econbiz.de/10013217557

Pay Transparency Under Subjective Performance Evaluation

Fahn, Matthias; Zanarone, Giorgio - 2021

This paper studies how pay transparency affects organizations that reward employees based on their efforts (i.e., using “subjective performance evaluation”). First, we show that transparency triggers social comparisons that require the organization to pay its employees an “envy premium”....

Persistent link: https://www.econbiz.de/10013250033

Federal Tax-Transfer Policy and Intergovernmental Pre-Commitment

Koethenbuerger, Marko - 2021

Federal and state governments often differ in the capacity to pre-commit to expenditure and tax policy. Whether the implied sequence of public decisions has any efficiency implications is the subject of this paper. We resort to a setting which contrary to most of the literature does not exhibit...

Persistent link: https://www.econbiz.de/10013316943

Screening with Multitasking

Dinerstein, Michael; Opper, Isaac - 2022

What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...

Persistent link: https://www.econbiz.de/10014079145

Taxing Moral Agents

Muñoz Sobrado, Esteban - 2022

Experimental and empirical findings suggest that non-pecuniary motivations play a significant role as determinants of taxpayers’ decision to comply with the tax authority and shape their perceptions and assessment of the tax code. By contrast, the canonical optimal income taxation model...

Persistent link: https://www.econbiz.de/10014079642

1
2
3
4
5
6
7
8
9
10
Next
Last