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Team Production in Competitive Labor Markets with Adverse Selection

von Siemens, Ferdinand - 2014

Team production is a frequent feature of modern organizations. Combined with team incentives, team production can … create externalities among workers, since their utility upon accepting a contract depends on their team's performance and … therefore on their colleagues' productivity. We study the effects of such externalities in a competitive labor market if workers …

Persistent link: https://www.econbiz.de/10013057664

Market Competition and Lower Tier Incentives

Theilen, Bernd - CESifo - 2008

The relationship between competition and performance-related pay has been analyzed in single-principal-single-agent models. While this approach yields good predictions for managerial pay schemes, the predictions fail to apply for employees at lower tiers of a firm’s hierarchy. In this paper, a...

Persistent link: https://www.econbiz.de/10005405811

Hierarchical Structure in Brazilian Industrial Firms: An Econometric Study

Facanha, Luis Otávio; Resende, Marcelo - CESifo - 2007

The paper investigates different implications of theoretical models for hierarchical structure. A sample of 6578 firms in the Brazilian manufacturing industry is considered and explanatory factors pertaining structural characteristics, network technology, technological innovations, managerial...

Persistent link: https://www.econbiz.de/10005405843

Teamwork as a Self-Disciplining Device

Fahn, Matthias; Hakenes, Hendrik - CESifo - 2014

-) production in the future and reduces an agent’s future utility. This holds even though the standard free-rider problem is present …

Persistent link: https://www.econbiz.de/10011099758

I Spy with my Little Eye... a Banking Crisis - Early Warnings and Incentive Schemes in Banks

Hakenes, Hendrik; Schlegel, Friederike - CESifo - 2014

The severity and depth of the recent financial crisis hit many by surprise. Despite warning signs, the financial system seems to have been unable to aggregate existing information. As the events of Fall 2008 showed, many investors were caught off guard by the large number of banks collapsing...

Persistent link: https://www.econbiz.de/10011103403

Global Sourcing of Heterogeneous Firms: Theory and Evidence

Kohler, Wilhelm; Smolka, Marcel - CESifo - 2015

input supplier (vertical integration vs. outsourcing), as well as the location of intermediate input production (offshore vs …

Persistent link: https://www.econbiz.de/10011155384

Driven by the Discount Factor: Impact of Mergers on Market Performance in the Semiconductor Industry

Harris, Jeremiah; Siebert, Ralph - CESifo - 2015

This study investigates the impact of firm-specific discount factors on merger formation and market performance. We estimate firm-specific discount factors for 228 publicly traded and privately held firms operating in the semiconductor market and apply a heterogeneous treatment effects model...

Persistent link: https://www.econbiz.de/10011163068

Inventory Control and Intermediation in Global Supply Chains

Qu, Zhan; Raff, Horst; Schmitt, Nicolas - CESifo - 2015

The paper develops a simple theoretical model of inventory control in global supply chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a supply chain is profitable when demand volatility is high. It also...

Persistent link: https://www.econbiz.de/10011210404

Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers

Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - CESifo - 2015

We develop a simple theoretical model of a long term buyer-supplier relationship with non-contractible buyer specific R&D investment, and derive predictions on the effects of trust and competition on suppliers’ investment and buyers’ procurement strategies. We address these issues...

Persistent link: https://www.econbiz.de/10011194234

Delegation and Dynamic Incentives

Shin, Dongsoo; Strausz, Roland - CESifo - 2014

production complementarity. We also consider different modes of commitment to yield insights into optimal organizational …

Persistent link: https://www.econbiz.de/10010764295