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Formal Contracts, Relational Contracts, and the Threat-Point Effect
Itoh, Hideshi - 2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10013121866
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Making Sense of Non-Binding Retail-Price Recommendations
Buehler, Stefan - 2010
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show that RPRs may be part of a relational contract,...
Persistent link: https://www.econbiz.de/10013144362
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Formal Contracts, Relational Contracts, and the Threat-Point Effect
Itoh, Hideshi; Morita, Hodaka - CESifo - 2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10009228616
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Formal Contracts, Relational Contracts, and the Holdup Problem
Itoh, Hideshi; Morita, Hodaka - 2008
We study the holdup problem in repeated transactions between a seller and a buyer such that the seller makes relation-specific investments in each period. We show that where, under spot transaction, formal contracts have no value because of the cooperative nature of investment, writing a simple...
Persistent link: https://www.econbiz.de/10014028957
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Making Sense of Non-Binding Retail-Price Recommendations
Buehler, Stefan; Gärtner, Dennis L. - CESifo - 2010
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show that RPRs may be part of a relational contract,...
Persistent link: https://www.econbiz.de/10008583652
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Financial Constraints and Moral Hazard: The Case of Franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - CESifo - 2013
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and … decisions and growth of principals, in the context of franchising. We find that a 30 percent decrease in average … waiting time, and slows their growth by around 10 percent, leading to a 10 percent reduction in franchised chain employment. …
Persistent link: https://www.econbiz.de/10010877784
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Do Entrepreneurs Matter?
Becker, Sascha O. - 2013
distribution. Entrepreneurs strongly affect firm growth patterns of both very young firms and for firms that have begun to mature …
Persistent link: https://www.econbiz.de/10013087281
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There's No Place Like Home : The Profitability Gap between Headquarters and their Foreign Subsidiaries
Dischinger, Matthias; Riedel, Nadine - 2021
Using a large data set of European firms, this paper provides evidence that operations at multinational headquarters are significantly more profitable than operations at their foreign subsidiaries. The effect turns out to be robust and quantitatively large. Our findings suggest that the...
Persistent link: https://www.econbiz.de/10013316283
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Competition and Gender Prejudice : Are Discriminatory Employers Doomed to Fail?
Weber, Andrea; Zulehner, Christine - 2021
According to Becker's (1957) famous theory on discrimination, entrepreneurs with a strong prejudice against female workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore forced to leave. We present new empirical evidence for...
Persistent link: https://www.econbiz.de/10013316295
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Do Entrepreneurs Matter?
Becker, Sascha O.; Hvide, Hans K. - CESifo - 2013
distribution. Entrepreneurs strongly affect firm growth patterns of both very young firms and for firms that have begun to mature …
Persistent link: https://www.econbiz.de/10010607007