Showing 1 - 10 of 2,614
This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance …
Persistent link: https://www.econbiz.de/10011410683
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10010225898
Informal long-term relationships and mutual confidence play a crucial role in modern economies in at least two dimensions. First, the performance of firms is strongly affected by their capacity to solve organizational questions effectively and this capacity is apparently strongly related to...
Persistent link: https://www.econbiz.de/10009314275
organizational decision is driven by two countervailing effects: the ownership rights effect favors outsourcing, while the "indirect … outsourcing of the "less important" supplier is chosen in equilibrium. We also consider an open economy setup where the producer … decides whether to offshore inputs. -- multinational firms ; outsourcing ; intra-firm trade ; property rights approach …
Persistent link: https://www.econbiz.de/10009539235
We examine a situation where efforts on different tasks positively affect production but are not separately verifiable and where the manager (principal) and the worker (agent) have different ideas about how production should be carried out: agents prefer a less efficient way of production. We...
Persistent link: https://www.econbiz.de/10003011512
, it is somewhat surprising that many social scientists have preferred to explain government outsourcing by the pursuit of … economic efficiency. Starting out from different theories, we investigate political explanations of government outsourcing … using a Swedish data set in which outsourcing varies between municipalities and over time, as well as between services. Our …
Persistent link: https://www.econbiz.de/10009548714
We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete … magnitude of their contractibility problems. The empirical studies point at rather favourable outsourcing outcomes, in terms of …
Persistent link: https://www.econbiz.de/10012022711
. -- multinational firms ; outsourcing ; intra-firm trade ; offshoring ; vertical FDI …
Persistent link: https://www.econbiz.de/10009300131
; coordination ; authority ; incentives ; strategic information transmission …
Persistent link: https://www.econbiz.de/10003464116
This paper develops a simple general equilibrium model which establishes a link between the patience of economic agents and the well-being of nations. We show that firms in long-term oriented countries can mitigate hold-up inefficiencies by engaging with their suppliers in relational contracting...
Persistent link: https://www.econbiz.de/10011810338