Showing 1 - 10 of 50
The paper explores the relationship between job flows and wages in the U.S. manufacturing sector, where wage differentials for seemingly identical workers and job reallocation rates are shown to be negatively correlated across 3-digit industries.High wage industries have the lowest turnover of...
Persistent link: https://www.econbiz.de/10011091515
Previous empirical studies on the effect of age on productivity and wages find contradicting results. Some studies find that if workers grow older there is an increasing gap between productivity and wages, i.e. wages increase with age while productivity does not or does not increase at the same...
Persistent link: https://www.econbiz.de/10011091950
Should mergers among nonprofit organizations be regulated differently than mergers among for-profit firms? The relevant empirical literature is highly controversial, the theoretical literature is scarce. I analyze the question by modeling duopoly competition with quality-differentiated goods. I...
Persistent link: https://www.econbiz.de/10011090604
Managers are risk averse. Excessive risk-aversion can destroy shareholder wealth. A key source of risk is the threat of an opportunistic takeover designed to take advantage of depressed market prices. This is especially the case in innovative or hard-to-value (`HtV') companies whose price may be...
Persistent link: https://www.econbiz.de/10011091215
Taking into account both competence and governance issues, and six dimensions of tie strength, this article argues that …
Persistent link: https://www.econbiz.de/10011091255
of institutional features. An institutional approach is introduced that requires a cooperative governance to realize the … potential value-production by firms, or to realize the potential user-value by clubs. For each, a distinctive governance system … is introduced. The firm requires an implementation governance to activate the value-production capacities of its service …
Persistent link: https://www.econbiz.de/10011091595
This article employs Agent-Based Computational Economics (ACE) to investigate whether, and under what conditions, trust is viable in markets. The emergence and breakdown of trust is modeled in a context of multiple buyers and suppliers. Agents develop trust in a partner as a function of observed...
Persistent link: https://www.econbiz.de/10011091766
In this article we provide an empirical illustration of hypotheses, developed in the literature, on the role of density and strength of ties in innovation networks.We study both exploration and exploitation networks in the Dutch multimedia and pharmaceutical biotechnology industry.We find...
Persistent link: https://www.econbiz.de/10011091807
This article connects theory of learning with theory of governance, in the context of inter-firm relations … relational risk are identified: hold-up and spillover risk.For the governance of relations, i.e. the control of relational risk …
Persistent link: https://www.econbiz.de/10011092081
We ask how pension fund trustees deal with the booms and busts that funds encounter, and to what extent the decisions of pension fund trustees are affected by behavioral biases. We examine these issues by using a vignette-method field experiment among Dutch pension fund trustees. We find that...
Persistent link: https://www.econbiz.de/10011092529