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A microfoundation for production functions: assignment of heterogenous workers to heterogenous jobs
Dupuy, Arnaud - 2008
In very different fields of economics, economic inference and policy evaluation require economists to parametrize a production function that links measures of input factors to measures of output. While doing so, strong assumptions are implicitly made about microeconomic variables governing the...
Persistent link: https://www.econbiz.de/10010268825
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Crime and Establishment Size: Evidence from South America
Oguzoglu, Umut; Ranasinghe, Ashantha - 2015
economies. We present a simple theory for the frequency and severity of crime across establishment size that is validated … with lower sales, labor and capital investment, and consistent with our theory is most evident among medium size …
Persistent link: https://www.econbiz.de/10011307413
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The Adoption and Diffusion of Organizational Innovation: Evidence for the U.S. Economy
Lynch, Lisa M. - Institute for the Study of Labor (IZA) - 2007
States during the 1990’s, I examine the incidence and intensity of organizational innovation and the factors associated with … investments in organizational innovation. Past profits tend to be positively associated with organizational innovation. Employers … being part of a multi-establishment firm) are more likely to invest in organizational innovation. Investments in human …
Persistent link: https://www.econbiz.de/10005703412
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How Often Should You Open the Door? Optimal Monitoring to Screen Heterogeneous Agents
Ichino, Andrea; Muehlheusser, Gerd - 2004
This paper shows that monitoring too much a partner in the initial phase of a relationship may not be optimal if the goal is to determine his loyalty to the match and if the cost of ending the relationship increases over time. The intuition is simple: by monitoring too much we learn less on how...
Persistent link: https://www.econbiz.de/10010261760
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Tournaments: There Is More Than Meets the Eye
Epstein, Gil S.; Nitzan, Shmuel - 2004
By the well established tournament literature, incomplete information regarding the employees? productivity is essential for the rationalization of (efficiency-enhancing) tournaments. In this paper we propose an alternative rationalization of tournaments focusing on a fully informed principal...
Persistent link: https://www.econbiz.de/10010261791
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Rejecting Capital-Skill Complementarity at all Costs
Frondel, Manuel; Schmidt, Christoph M. - 2001
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous studies analyzing the relative capital-skill...
Persistent link: https://www.econbiz.de/10010262521
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On the economics and biology of trust
Fehr, Ernst - 2008
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10010269174
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Extrinsic rewards and intrinsic motives: Standard and behavioral approaches to agency and labor markets
Rebitzer, James B.; Taylor, Lowell J. - 2010
Employers structure pay and employment relationships to mitigate agency problems. A large literature in economics documents how the resolution of these problems shapes personnel policies and labor markets. For the most part, the study of agency in employment relationships relies on highly...
Persistent link: https://www.econbiz.de/10010272684
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Competition and educational productivity: Incentives writ large
MacLeod, William Bentley; Urquiola Soux, Miguel - 2012
to be more mixed and modest than expected. We suggest that this in fact should not be surprising, since economic theory …
Persistent link: https://www.econbiz.de/10010291369
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Employer's information and promotion-seeking activities
Epstein, Gil S. - 2012
This paper presents a model in which promotion of employees within the internal firm hierarchy is determined by the individuals' allocation of time between promotion/rent-seeking and productive activity. We consider the effect of an increase in the employer's knowledge (information) regarding...
Persistent link: https://www.econbiz.de/10010291402