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The hold-down problem and the boundaries of the firm : lessons from a hidden action model with endogenous outside option
Schnedler, Wendelin; Sunde, Uwe - 2002
This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...
Persistent link: https://www.econbiz.de/10011410683
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Consistency in organization
Schlicht, Ekkehart (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001733890
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The firm as a pool of factor complementarities
Lindbeck, Assar (contributor); Snower, Dennis J. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001799659
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Supply theory sans profit-maximization
Dasgupta, Indraneel - 2009
predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …
Persistent link: https://www.econbiz.de/10003810898
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Regulation, trust, and cronyism in Middle Eastern societies : the simple economics of 'wasta'
Barnett, Andrew H.; Yandle, Bruce; Naufal, George - 2013
Despite being a fixture of everyday life in the Arab world, wasta, which may be thought of as special influence by members of the same group or tribe, has received little attention from social scientists. Our casual empiricism suggests that wasta is an important determinant of how economic...
Persistent link: https://www.econbiz.de/10009708693
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The effects of union wage-settings on firms ̕production factor decisions
Heshmati, Almas (contributor); Haouas, Ilham (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001744052
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Consistency in organization (updated)
Schlicht, Ekkehart - 2011
modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several … topics in the theory of the firm, like the boundaries of the firm, the importance of fairness concerns within firms, the … attenuation of incentives, or the role of routines and incentives. It implies a perceptional theory of the firm that is realistic …
Persistent link: https://www.econbiz.de/10009238549
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Bargaining over babies : theory, evidence, and policy implications
Doepke, Matthias; Kindermann, Fabian - 2016
It takes a woman and a man to make a baby. This fact suggests that for a birth to take place, the parents should first agree on wanting a child. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are likely to arrive only if both parents desire one, and...
Persistent link: https://www.econbiz.de/10011454419
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Genetic ability, wealth, and financial decision-making
Barth, Daniel; Papageorge, Nicholas W.; Thom, Kevin - 2017
Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in...
Persistent link: https://www.econbiz.de/10011613150
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Intrahousehold decision making and fertility
Doepke, Matthias; Kindermann, Fabian - 2014
The economic theory of fertility choice builds predominantly on the unitary model of the household, in which there is a …
Persistent link: https://www.econbiz.de/10010458481