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Delegation of Authority as an Optimal (In)complete Contract
Roider, Andreas - 2004
consider a hold-up framework where both parties profit from an investment that raises the value of an asset. Delegation turns …) decisions have no investment-independent effect. If overinvestment might be an issue, delegation, however, with restricted …
Persistent link: https://www.econbiz.de/10010262045
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Rent-sharing, hold-up, and wages: Evidence from matched panel data
Card, David; Devicienti, Francesco; Maida, Agata - 2011
It is widely believed that rent-sharing reduces the incentives for investment when long term contracts are infeasible … find little evidence that bargaining lowers the return on investment. Instead, firm-level bargaining appears to split the …
Persistent link: https://www.econbiz.de/10010282490
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Can Job Competition Prevent Hold-Ups?
Jansen, Marcel - 2004
have to compete for jobs. Our aim is to investigate how this competition affects the investment decisions of firms. Our … that never yield an efficient allocation. Moreover, our results extend the efficiency of auction mechanisms to an …
Persistent link: https://www.econbiz.de/10010261761
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Management and Performance in the Public Sector: Evidence from German Municipalities
Englmaier, Florian; Muehlheusser, Gerd; Roider, Andreas; … - 2022
We study management practices and performance of public sector organizations in Germany. For a representative sample of municipalities, we provide survey evidence for substantial heterogeneity in the use of structured management practices. This heterogeneity is not driven by differences across...
Persistent link: https://www.econbiz.de/10013470439
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The Interplay between Organizational Structure, Culture and Employees’ Socio-Emotional Skills within Their Social Capital
Koohborfardhaghighi, Somayeh; Altmann, Jörn; Heshmati, … - 2022
Organization theorists identify organizational social capital as one of the primary building blocks of a potentially powerful resource for improving organizational performance. However, little is known about the impact of the socio-emotional skills of the employees within their social capital...
Persistent link: https://www.econbiz.de/10013351855
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State-Level Economic Policy Uncertainty
Baker, Scott R.; Davis, Steven J.; Levy, Jeffrey A. - 2022
We quantify and study state-level economic policy uncertainty. Tapping digital archives for nearly 3,500 local newspapers, we construct three monthly indexes for each state: one that captures state and local sources of policy uncertainty (ΕPU-S), one that captures national and international...
Persistent link: https://www.econbiz.de/10013351695
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Accounting for China's growth
Brandt, Loren; Zhu, Xiaodong - 2010
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10010269571
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Stimulating local public employment: Do general grants work?
Lundqvist, Heléne; Dahlberg, Matz; Mörk, Eva - 2010
The effectiveness of public funds in increasing public employment has long been a question on public and labor economists' minds. In most federal countries local governments employ large fractions of the working population, meaning that a tool for stimulating local public employment can...
Persistent link: https://www.econbiz.de/10010274623
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Reluctant to Reform? A Note on Risk-Loving Politicians and Bureaucrats
Thomas, Tobias; Heß, Moritz; Wagner, Gert G. - 2017
As from a political economy perspective, politicians often fail to implement structural reforms, we investigate if the resistance to reform is based on the differences in the risk preferences of voters, politicians, and bureaucrats. Based on the empirical results of a survey of the population in...
Persistent link: https://www.econbiz.de/10011786946
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Stimulating Local Public Employment: Do General Grants Work?
Lundqvist, Heléne; Dahlberg, Matz; Mörk, Eva - Institute for the Study of Labor (IZA) - 2010
The effectiveness of public funds in increasing public employment has long been a question on public and labor economists’ minds. In most federal countries local governments employ large fractions of the working population, meaning that a tool for stimulating local public employment can...
Persistent link: https://www.econbiz.de/10008564700