Showing 1 - 10 of 212
terms of individual effects is largely consistent with the predicted effects from the theoretical literature on hierarchy …
Persistent link: https://www.econbiz.de/10013317062
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10013148773
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers. Using unique survey data on individual supplier-buyer relationships in the German automotive industry, we show, by means of different measures of supplier-buyer trust, that higher...
Persistent link: https://www.econbiz.de/10013129248
delivery is of value even when relation-specific investment is purely cooperative. In particular, there is a range of parameter …
Persistent link: https://www.econbiz.de/10013121866
the tax code. This is because, in equilibrium, intra-firm transactions occur in firms that are better than the market at … input production. Moreover, market input prices include a mark-up that arises from the bargaining between the firm and the … independent supplier. Transfer prices set at market values following the arm's length principle thus systematically exceed …
Persistent link: https://www.econbiz.de/10013098653
This study investigates whether excess effort to climb a career ladder justifies policy interventions. The answer depends on whether the government is able to levy a higher tax burden on career workers than on non-career workers. Both a tax on top income aimed at lowering the rewards of...
Persistent link: https://www.econbiz.de/10013107554
authority to a potentially biased but better informed agent. Assuming the agents' outside option to be determined by market …
Persistent link: https://www.econbiz.de/10013082972
We embed a North-South trade model into an incomplete contracts setting where the production of heterogeneous firms can be geographically separated. When a Northern headquarter contracts with a Southern supplier instead of a Northern supplier, the presence of international incomplete contracts...
Persistent link: https://www.econbiz.de/10013067873
What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to...
Persistent link: https://www.econbiz.de/10013071383
We study the global diffusion of culture through multinationals, focusing on gender norms. Using data on manufacturing firms in China over 2004-2007, we find that foreign affiliates from countries with a more gender-equal culture tend to employ proportionally more women and appoint female...
Persistent link: https://www.econbiz.de/10012962989