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Use and Abuse of Authority : A Behavioral Foundation of the Employment Relation
Bartling, Björn - 2012
, endogenous formation of efficient long-run employment relations. Our results inform the theory of the firm by showing how …
Persistent link: https://www.econbiz.de/10013096768
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Regulation, Trust, and Cronyism in Middle Eastern Societies : The Simple Economics of 'Wasta'
Barnett, Andy - 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/10013086661
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Resource Allocation and Firm Scope
Friebel, Guido; Raith, Michael - 2021
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but … leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the … integration or non-integration is optimal. Our theory thus provides a simple answer to Williamson's "selective …
Persistent link: https://www.econbiz.de/10013317478
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Coordination of Hours within the Firm
Labanca, Claudio; Pozzoli, Dario - 2023
Although coworkers are spending an increasing share of their working time interacting with one another, little is known about how the coordination of hours among heterogenous coworkers affects pay, productivity and labor supply. In this paper, we use linked employer-employee data on hours worked...
Persistent link: https://www.econbiz.de/10014357207
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Internal Adjustment Costs of Firm-Specific Factors and the Neoclassical Theory of the Firm
Chetty, V. K.; Heckman, James J. - 2022
This paper considers the consequences of a two-sector vertically-integrated model of firms producing output using firm-specific capital with a second sector producing firm-specific capital by adapting raw capital purchased in the market. Analysts rarely observe each sector separately....
Persistent link: https://www.econbiz.de/10014241682
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Economic History or History of Economics? A Review Essay on Sylvia Nasar's Grand Pursuit : The Story of Economic Genius
Ashenfelter, Orley - 2012
In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but also to...
Persistent link: https://www.econbiz.de/10013113091
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Wage Structure Effects of International Trade : Evidence from a Small Open Economy
Du Caju, Philip - 2011
In the last decades, international trade has increased between industrialised countries and between high- and low-wage countries. This important change has raised questions on how international trade affects the labour market. In this spirit, this paper aims to investigate the impact of...
Persistent link: https://www.econbiz.de/10013127724
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Are Intra-Household Allocations Policy Neutral? Theory and Empirical Evidence
Chiappori, Pierre-Andre - 2011
We develop a collective household model with spousal matching in which there exists marital gains to assortative matching and marriage quality for each couple is revealed ex post. Changes in alimony laws are shown to affect existing couples and couples-to-be differently. For existing couples,...
Persistent link: https://www.econbiz.de/10013127939
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Heterogeneous Productivity in Voluntary Public Good Provision : An Experimental Analysis
Fellner-Röhling, Gerlinde - 2011
This article experimentally examines voluntary contributions when group members' marginal returns to the public good vary. The experiment implements two marginal return types, low and high, and uses the information that members have about the heterogeneity to identify the applied contribution...
Persistent link: https://www.econbiz.de/10013128231
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Business Conditions and Default Risks Across Countries
Pflüger, Michael - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10013128748