This paper utilizes the Box-Cox transformation of variables technique to empirically derive an industry wage equation. Section I presents the determinants of potential wage differentials between and within industries. Section II estimates a Box-Cox industry wage equation. Likelihood ratio tests...

The aim of the present paper is to show that the existence of a concrete outside option for firms' executives can induce, under specific circumstances, every firm to adopt restrictive output practises. In particular, the paper characterizes the conditions for which, under Cournot oligopoly,...

The changing effects of wage disparity on team performance during the process of industry development are examined using data sourced from the Japanese professional football league. The results show that wage disparity leads to a reduction in team performance during the developing stage but does...

Estimates on the effect of job contact method -- i.e., informal versus formal search -- on wage offers vary considerably across studies, with some of them finding a positive correlation between getting help from informal connections and obtaining high-paying jobs, while others finding a negative...

The study is focused on the cooperation of Russian companies with research organizations in implementing R&D projects during technological innovation. Taking into account behavioral changes, authors carry out a micro-level analysis based on empirical data of executive survey of over 600 Russian...

Focused on the efficiency of the Russian innovation-fostering policy, the research is based on an empirical analysis of how policy instruments impact firms' behavior. The data is obtained from two surveys of more than 600 Russian industrial companies in 2011-2012. The analysis shows that tax...

In Sicily there is an increased dependency of the economy and employment from politics due to the weakness of the market economy and to the lack of strong civic culture. This paper will explain what are the ‘productive districts’ in Sicily and what they represent. The present work focuses on...

The euro crisis, the greater European integration, the effects of globalization have affected especially the Sicilian economy. A region in which there is an increased dependency of the economy and employment from politics for the chronic weakness of the market economy and the lack of strong...

The monography considers laws and mechanisms of social development from positions of positivism, dialectic materialism and the theory of systems. The methodology of the author is based on causality in relations of a society and social institutes. Social development is considered as result of...

Traditionally, learning organizations face certain constraints related to both exogenous and endogenous factors. In this paper, I model three well established constraints that employees face while being part of their organizations. These are in the tune of constraints on their natural behavior...