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The transaction costs perspective on standards as a source of trade and productivity growth
Butter, Frank A. G. den; Groot, Stefan P. T.; Lazrak, Faroek - 2007
This paper discusses the design, implementation and use of standards from the perspective of transaction costs … economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which … shows that network externalities play a major role in the use of standards, and that, on the other hand, worldwide standards …
Persistent link: https://www.econbiz.de/10011373830
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Welfare state and life satisfaction : evidence from public health care
Laamanen, Jani-Petri; Kotakorpi, Kaisa - 2007
We examine the effect of publicly provided health care on welfare by combining local level data on public health care, and individual level data on life satisfaction. It is shown that relatively high expenditures in health care have a positive effect on individuals' life satisfaction in our...
Persistent link: https://www.econbiz.de/10011372994
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Dedicated doctors : public and private provision of health care with altruistic physicians
Delfgaauw, Josse - 2007
Physicians are supposed to serve patients' interests, but some are more inclined to do so than others. This paper studies how the system of health care provision affects the allocation of patients to physicians when physicians differ in altruism. We show that allowing for private provision of...
Persistent link: https://www.econbiz.de/10011350361
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Technological change in markets with network externalities
Bijl, Paul de; Goyal, Sanjeev - 1993
Persistent link: https://www.econbiz.de/10000150812
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Incomplete contract and divisional structures
Te, Bao; Wang, Yongqin - 2009
In this paper we want to analyze the internal divisional structure within an organi-zation in the framework of incomplete contract theory. We use the framework of Aghionand Tirole (1997) and define the managerial control structure as sequence of search.A key feature of this paper which...
Persistent link: https://www.econbiz.de/10011378948
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Transaction management : value creation by reducing transaction costs
Butter, Frank A. G. den - 2010
In this era of globalization we see an increase in specialization: the production chain issplit up in more and more parts and the production of these parts is outsourced to thoseplaces in the world where production is relatively cheapest and most efficient. Itimplies that transaction costs,...
Persistent link: https://www.econbiz.de/10011380728
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Social (in)stability, distributive conflicts, and investment in poor and rich economies
Riedl, Arno - 1999 - This version: September, 1999
A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional theory predicts. Empirical evidencesuggests that social and political instability is a major reason for thedivergence between poor and rich countries. However, there is still the...
Persistent link: https://www.econbiz.de/10011302623
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Limitations on de-collectivisation in central European agriculture
Bezemer, Dirk Johan - 2000
Following formal privatisation of farm land and assets in CentralEurope, the change in agriculturalproduction structures has been both more limited and different thanwas initially expected. In this paper, thetheoretical reasons underlying those expectations are reviewed. Analternative...
Persistent link: https://www.econbiz.de/10011303300
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On the dynamics of interest group formation and endogenous policymaking
Sadiraj, Vjollca; Tuinstra, Jan; Winden, Frans A. A. M. van - 2000
We present a dynamic model of the interaction between interest groupsand policymakers, featuringendogenous interest group formation. We show that complicated dynamicpatterns in economicpolicies may arise once interest group formation is taken intoaccount.
Persistent link: https://www.econbiz.de/10011303316
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Decision initiation, decision implementation, and the allocation of decision rights
Sloof, Randolph; Siemens, Ferdinand von - 2015
Organizations must not only take the right decisions, they must also ensure that these decisions are effectively implemented. Fama and Jensen (1983) argue that the same members of many organization are often responsible for both decision initiation and implementation. If these have social...
Persistent link: https://www.econbiz.de/10011333082