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When groups face difficult problems, the voice of experts may be lost in the noise of others' contributions. We present results from a 'naturally noisy' setting, a large first-year undergraduate class, in which the 'expert's voice is lost' to such a degree that it is in fact optimal for all...
Persistent link: https://www.econbiz.de/10012257743
the possibility of misappropriation of public funds that results from moral hazard behavior has been completely neglected …. This study develops a theoretical framework with which to identify misappropriation. Using Chinese firm-level data for the … period 2001-2011, we show that misappropriation is a major threat. 42% of grantees misused R&D subsidies for non …
Persistent link: https://www.econbiz.de/10012698645
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
evidence that suggests that the increase in non-routine cognitive workplaces is linked to the growth in outsourcing of …
Persistent link: https://www.econbiz.de/10011520985
In 2007, a tax discount reform in Sweden reduced prices of outsourced domestic services (ODS) by 50 percent. Unlike most previous studies, population register data enable us to directly link a proxy for relaxed time constraints, annual changes in households' tax discounts, to changes in...
Persistent link: https://www.econbiz.de/10010441693
to contracting firms. For this end we develop a new method for identifying outsourcing of food, cleaning, security and … growth of domestic outsourcing in Germany since the early 1990s. Event-study analyses show that wages in outsourced jobs fall … associated with outsourcing stem from a loss of firm-specific rents, suggesting that labor cost savings are an important reason …
Persistent link: https://www.econbiz.de/10011296066
, but not necessarily formal-to-informal outsourcing, and, in response, the developed nation wage can fall. Productivity … improvements in the informal sector expand both offshoring and outsourcing, and the developed nation wage must rise. When the …
Persistent link: https://www.econbiz.de/10012242847
In this study we use import penetration as a proxy for foreign competition in order to empirically analyze (1) the impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S and (3) whether the impact of import penetration is driven by...
Persistent link: https://www.econbiz.de/10011893429
. This outsourcing behavior further exacerbates total search costs and lottery externalities, resulting in an annual economic …
Persistent link: https://www.econbiz.de/10012316916
Domestic outsourcing has grown substantially in developed countries over the past two decades. This paper addresses the …
Persistent link: https://www.econbiz.de/10012596337