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The importance of luck in executive promotion tournaments : theory and evidence
DeVaro, Jed; Fung, Scott - 2024
-based tournament theory to allow executives to choose the luck variance reveals that executives infuse their tournaments with a high …
Persistent link: https://www.econbiz.de/10015074517
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Convergence in institutions and market outcomes : cross-country and time-series evidence from the BEEPS surveys in transition economies
Mitra, Pradeep K. (contributor);  … - 2008
market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power …. -- Transition ; convergence ; market structure ; competition ; enterprise finance ; enterprise restructuring …
Persistent link: https://www.econbiz.de/10003782478
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Bribes vs. taxes : market structure and incentives
Amodio, Francesco; Choi, Jieun; De Giorgi, Giacomo; … - 2018
Firms in developing countries often avoid paying taxes by making informal payments to tax officials. These bribes may raise the cost of operating a business, and the price charged to consumers. To decrease these costs, we designed a feedback incentive scheme for business tax inspectors that...
Persistent link: https://www.econbiz.de/10011881469
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Do big inequalities in executive pay hurt firm performance?
Chung, Richard; DeVaro, Jed; Fung, Scott - 2024
evaluates that literature, clarifies what tournament theory predicts about the relationship, identifies methodological pitfalls … relationship between pay disparity and firm performance. Tournament theory offers a unified framework that can explain an inverted …
Persistent link: https://www.econbiz.de/10015075389
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Wage determination in the US airline industry : union power under product market constraints
Hirsch, Barry T. (contributor) - 2006
The paper analyzes wages in the U.S. airline industry, focusing on the role of collective bargaining in a changing product market environment. Airline unions have considerable strike threat power, but are constrained by the financial health of carriers. Since airline deregulation, compensation...
Persistent link: https://www.econbiz.de/10003384910
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Market characteristics, intra-firm coordination, and the choice of human resource management systems : evidence from new Japanese data
Kato, Takao (contributor); Ōwan, Hideo (contributor) - 2007
consistent with the theory) is that the adoption of both self-managed online teams and cross-functional offline teams usually … in firms with joint labor-management committees. We also confirm implications from our theory that firms in more …
Persistent link: https://www.econbiz.de/10003561667
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Productivity, welfare and reallocation : theory and firm-level evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10003925275
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Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode where an intermediary holds inventories which...
Persistent link: https://www.econbiz.de/10011526728
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Search frictions, competing mechanisms and optimal market segmentation
Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10011476548
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Tax incidence in heterogeneous markets : the pass-through of air passenger taxes on airfares
Wozny, Florian - 2024
incidence increases with competition but decreases with lower demand elasticity. Furthermore, the air passenger tax reduces …
Persistent link: https://www.econbiz.de/10014484509