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Time is on My Side : Relational Contracts and Aggregate Welfare

Kukharskyy, Bohdan - 2018

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/10012923240

Competition, Cooperation, and Corporate Culture

Kosfeld, Michael; Siemens, Ferdinand von - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Teamwork and cooperation between workers can be of substantial value to a firm, yet thelevel of worker cooperation often varies between individual firms. We show that thesedifferences can be the result of labor market competition if workers have heterogeneouspreferences and preferences are...

Persistent link: https://www.econbiz.de/10005862582

Global Sourcing of Complex Production Processes

Schwarz, Christian - 2010

We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the complexity, the organization, and the global scale of its production process. Specifically, it decides: i) on the mass of symmetric intermediate inputs that are part of the value...

Persistent link: https://www.econbiz.de/10013136032

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

Competition, Cooperation, and Corporate Culture

Kosfeld, Michael; von Siemens, Ferdinand - 2021

Teamwork and cooperation between workers can be of substantial value to a firm, yet the level of worker cooperation often varies between individual firms. We show that these differences can be the result of labor market competition if workers have heterogeneous preferences and preferences are...

Persistent link: https://www.econbiz.de/10013316936

Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment : Thirty Years on

MacLeod, W. Bentley; Malcomson, James M. - 2023

"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...

Persistent link: https://www.econbiz.de/10014254947

Discretionary Latitude and Relational Contracting

Wu, Steven Y.; Roe, Brian E. - 2021

We use economic experiments to examine the nature of relational trading under a menu of incomplete contracts ranging from the repeat purchase mechanism of Klein and Leffler (1981) to highly incomplete contracts that are completely unenforceable by third-parties. Our results suggest that, with...

Persistent link: https://www.econbiz.de/10013316957

Greasing the Wheels of International Commerce : How Services Facilitate Firms' International Sourcing

Debaere, Peter Marcel - 2010

the materials sourcing decisions of heterogeneous firms. The model generates predictions about how the intensity of … international sourcing of materials depends on a firm's productivity and the availability of local services. These predictions are … availability of services across regions, industries and time increases a firm's foreign sourcing of materials relative to sales …

Persistent link: https://www.econbiz.de/10013148078

Technological and Organizational Changes, andLabor Flows: Evidence on French Establishments

Askenazy, Philippe; Moreno Galbis, Eva - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper investigates the effects of organizational and technological changes on jobstability of different occupational categories in France. We conduct an empirical analysis inwhich we make extensive use of a unique data set on a representative sample of Frenchestablishments...

Persistent link: https://www.econbiz.de/10005863370

Is Part-Time Employment Beneficial for Firm Productivity?

Nelen, Annemarie - 2011

This paper analyzes whether part-time employment is beneficial for firm productivity in the service sector. Using a unique dataset on the Dutch pharmacy sector that includes the work hours of all employees and a hard physical measure of firm productivity, we estimate a production function...

Persistent link: https://www.econbiz.de/10013131420

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