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Optimal Organization
Vafaï, Kouroche - In: Economics Bulletin 32 (2012) 1, pp. 518-527
A contract-based model of the endogenous determination of an organization's architecture is considered where a principal has the choice between a two- and a three-level organization. Each organizational architecture is plagued with its own specific form(s) of opportunism. We derive the...
Persistent link: https://www.econbiz.de/10011278777
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Team performance and within-team salary disparity: an analysis of nippon professional baseball
Kamada, Takuma; Katayama, Hajime - In: Economics Bulletin 34 (2014) 1, pp. 144-151
Using data from Nippon Professional Baseball, which is the Japanese professional baseball league, we examine the relationship between within-team salary disparity and team performance. We find that greater salary disparity tends to result in better team performance, which is the opposite of what...
Persistent link: https://www.econbiz.de/10010836169
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On the choice of incentives in firms: influence activity, monitoring technology and organizational structure
Delmastro, Marco - In: Economics Bulletin 12 (2002) 2, pp. 1-13
Economists have offered a number of explanations on the introduction of monetary incentives within firms. These range from the classical agency model to the impact exerted by factors such as monitoring technology, influence activity and organizational structure. Numerous empirical contributions...
Persistent link: https://www.econbiz.de/10005110930
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Exploring the Behavior of Economic Agents: the role of relative preferences
Cavanaugh, Joseph; Alexopoulos, Michelle - In: Economics Bulletin 12 (2006) 2, pp. 1-7
Standard economic theory assumes individuals choose actions that optimize their expected utility. In this paper we investigate how the existence of players with non-standard preferences may influence economic agents' behavior in some of the most frequently studied non-cooperative games. We find...
Persistent link: https://www.econbiz.de/10005094667
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Exploring the Behavior of Economic Agents: the role of relative preferences
Cavanaugh, Joseph; Alexopoulos, Michelle - In: Economics Bulletin 12 (2006) 2, pp. 1-7
Standard economic theory assumes individuals choose actions that optimize their expected utility. In this paper we investigate how the existence of players with non-standard preferences may influence economic agents' behavior in some of the most frequently studied non-cooperative games. We find...
Persistent link: https://www.econbiz.de/10010630275
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Relational contracts as a foundation for contractual incompleteness
Desrieux, Claudine; Beuve, Jean - In: Economics Bulletin 31 (2011) 3, pp. 2030-2040
Contractual incompleteness is generally defined by a trade-off between costs and benefits. We examine this trade-off in a dynamic setting and show how the ability of the parties to sustain a relational contract leads to more incomplete contracts.
Persistent link: https://www.econbiz.de/10009150707
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On the choice of incentives in firms: influence activity, monitoring technology and organizational structure
Delmastro, Marco - In: Economics Bulletin 12 (2002) 2, pp. 1-13
Economists have offered a number of explanations on the introduction of monetary incentives within firms. These range from the classical agency model to the impact exerted by factors such as monitoring technology, influence activity and organizational structure. Numerous empirical contributions...
Persistent link: https://www.econbiz.de/10008556071
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Levinsohn and Petrin's (2003) Methodology Works under Monopolistic Competition
DeSouza, Sergio - In: Economics Bulletin 12 (2006) 6, pp. 1-11
following key result: under the assumption of perfect competition, the intermediate input's demand function is a monotonic … function of productivity. However, firms in most industries enjoy some degree of market power such that perfect competition may … monotonicity condition holds under monopolistic competition. …
Persistent link: https://www.econbiz.de/10005110693
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Ownership Structure as a Continuous Variable: A Note on Joint Ownership in the Grossman-Hart-Moore Theory of the Firm
Adachi, Takanori - In: Economics Bulletin 30 (2010) 3, pp. 2112-2118
This study considers the choice of ownership as a continuous variable, thereby adapting the Grossman-Hart-Moore (GHM) theory of the firm. To do so, it is assumed that parties sign a contract that enables them to divide and use assets even after the negotiation over gains of trade fails. I show...
Persistent link: https://www.econbiz.de/10008511649
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Technology Licensing to a Rival
Langinier, Corinne; Boivin, Caroline - In: Economics Bulletin 12 (2005) 15, pp. 1-8
Licensing a new technology implies introducing competition into the market. This has a negative effect on the profit of …
Persistent link: https://www.econbiz.de/10005181926