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The boundary of the firm in a model of trade within a hierarchy

Levy, Nadav (contributor) - 2003 - [Elektronische Ressource]

In this paper I present a theory of the boundary of the firm that accounts for some important characteristics of real …-world multidivisional firms: Operative decisions are in the hands of middle managers who are rewarded with incentive contracts based on the … performance of their units; Managers' decisions are subject to approval and intervention by the top management of the firm; and …

Persistent link: https://www.econbiz.de/10002200406

Career concerns and optimal disclosure policy

Mukherjee, Arijit (contributor) - 2005

Sequential contracting with multiple employers is a common feature of modern labor markets. Employment relations often terminate due to raids. When a worker is raided, the initial employer may enjoy an informational advantage over the raiders, as she is likely to have better information on the...

Persistent link: https://www.econbiz.de/10003287451

The sunk cost bias and managerial pricing practices

Najjar, Nabil I. al- (contributor); … - 2005

This paper provides an explanation for why the sunk cost bias persists among firms in a competitive environment in which rich learning possibilities are allowed. We envision firms that experiment with cost methodologies that are consistent with real-world accounting practices, including ones...

Persistent link: https://www.econbiz.de/10003287530

Managerial turnover in a changing world

Pavan, Alessandro; Garrett, Daniel F. - 2010

stochastically over time and is the managers' private information. Our key positive result shows that the productivity level that the … firm requires for retention declines with the managers' tenure in the firm. Our key normative result shows that, compared …

Persistent link: https://www.econbiz.de/10008664034

Information and the optimal ownership structure of firms

Matouschek, Niko (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002189676

Settlement with multiple plaintiffs : the role of insolvency

Spier, Kathryn E. (contributor) - 2000 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002184846

Can society function without ethical agents? : an informational perspective

Strulovici, Bruno - 2020

Many facts are learned through the intermediation of individuals with special access to information, such as law enforcement officers, officials with a security clearance, or experts with specific knowledge. This paper considers whether societies can learn about such facts when information is...

Persistent link: https://www.econbiz.de/10012169405

Beyond correlation : measuring interdependence through complementarities

Meyer, Margaret A.; Strulovici, Bruno - 2014

Given two sets of random variables, how can one determine whether the former variables are more interdependent than the latter? This question is of major importance to economists, for example, in comparing how various policies affect systemic risk or income inequality. Moreover, correlation is...

Persistent link: https://www.econbiz.de/10011375864

Trade flows in a spatial oligopoly : gravity works well, but what does it explain?

Salvo, Alberto (contributor) - 2006

, oligopoly can magnify the effects of distance. The paper suggests that trade theory, in its mission to explain the pattern of … trade flows, should continue to advance in its modeling of strategic behavior in oligopoly. The paper also provides a rich …

Persistent link: https://www.econbiz.de/10003742947

Product choice and oligopoly market structure

Mazzeo, Michael (contributor) - 2000 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002183405