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We study the impact of import protection on relationship-specific investments, organizational choice and welfare. We show that a tariff on intermediate inputs can improve social welfare through mitigating hold-up problems. It does so if it discriminates in favor of the investing party, thereby...
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"This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocations of resources across firms. We discuss the empirical challenges that motivated this research and its relationship to traditional...
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study the impact of ICT on worker autonomy, plant manager autonomy and spans of control. Consistently with the theory we …
Persistent link: https://www.econbiz.de/10003868135
We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring, production and sales decisions from Corporate Head Quarters...
Persistent link: https://www.econbiz.de/10003868518
official business microdata. We find that ‘climate friendly’ management practices are associated with lower energy intensity … variation in management practices across firms can be explained in part by organizational structure. Firms are more likely to … adopt climate friendly management practices if climate change issues are managed by the environmental or energy manager, and …
Persistent link: https://www.econbiz.de/10008823184