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Public and Private Insurance with Costly Transactions
Bertola, Giuseppe - 2010
We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...
Persistent link: https://www.econbiz.de/10013137517
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Checkerboards and Coase : Transactions Costs and Efficiency in Land Markets
Akee, Randall - 2021
The Coase theorem emphasizes the role transactions costs play in efficient market outcomes. We document inefficient outcomes, in the presence of a transactions cost, in southern California land markets and the corresponding transition to efficient outcomes after the transactions cost is...
Persistent link: https://www.econbiz.de/10013317335
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On the Organizational Structure of Multinational Firms : Which Sourcing Mode for Which Input?
Suedekum, Jens - 2012
Recent studies indicate that firms often outsource standard and simple tasks, while keeping complex and important inputs inside their boundaries. This observation is difficult to reconcile with the property rights approach of the firm, which suggests that important components should be...
Persistent link: https://www.econbiz.de/10013106002
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Labor Market Imperfections, Markups and Productivity in Multinationals and Exporters
Dobbelaere, Sabien - 2017
This paper examines the links between the internationalization mode of firms and market imperfections in product and labor markets. We develop a framework for modelling heterogeneity across firms in terms of (i) product market power (price-cost markups), (ii) labor market imperfections (workers'...
Persistent link: https://www.econbiz.de/10012940834
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Estimating Direct and Indirect Effects of Foreign Direct Investment on Firm Productivity in the Presence of Interactions between Firms
Girma, Sourafel - 2015
We implement a method to estimate the direct effects of foreign-ownership on foreign firms' productivity and the indirect effects (or spillovers) from the presence of foreign-owned firms on other foreign and domestic firms' productivity in a unifying framework, taking interactions between firms...
Persistent link: https://www.econbiz.de/10013032281
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Shutdown Contests in Multi-Plant Firms and Governmental Intervention
Kräkel, Matthias - 2010
When a multi-plant firm must close one unit due to declining demand it can choose between two alternatives. On the one hand, the firm can announce a certain span of time in which the plants are evaluated according to relative performance with the least performing plant being shut down in the end...
Persistent link: https://www.econbiz.de/10013145195
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National Champion versus Foreign Takeover
Suedekum, Jens - 2021
We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...
Persistent link: https://www.econbiz.de/10013316871
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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