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Cascades in Networks and Aggregate Volatility
Acemoglu, Daron - 2010
We provide a general framework for the study of cascade effects created by interconnections between sectors, firms or financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of the supply network determine both whether...
Persistent link: https://www.econbiz.de/10013136361
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Coordination, Switching Costs and the Division of Labor in General Medicine : An Economic Explanation for the Emergence of Hospitalists in the United States
Meltzer, David - 2010
General medical care in the United States has historically been provided by physicians who care for their patients in … both ambulatory and hospital settings. Care is now increasingly divided between physicians specializing in hospital care … (hospitalists) and ambulatory-based care primary care physicians. We develop and find strong empirical support for a theoretical …
Persistent link: https://www.econbiz.de/10013142933
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Alternative Compensation Arrangements and Productive Efficiency in Partnerships : Evidence from Medical Group Practice
Gaynor, Martin; Pauly, Mark V. - 2021
with theoretical work on internal theory of the firm, which predicts that productivity compensation schemes will work well … production, as theory has hypothesized. The number of members in a group decreases both the quantity produced and the efficiency …
Persistent link: https://www.econbiz.de/10013224695
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Innovation and Diffusion of Medical Treatment
Hamilton, Barton H. - 2018
This paper develops and estimates a dynamic structural model of demand for a multi-attribute product. The demand side equilibrium supports a product spectrum, the characteristics of which evolve over time in response to supply innovations induced by the composition and extent of aggregate...
Persistent link: https://www.econbiz.de/10012919858
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Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities
Maurer, Raimond - 2014
Life insurers use accounting and actuarial techniques to smooth reporting of firm assets and liabilities, seeking to transfer surpluses in good years to cover benefit payouts in bad years. Nevertheless, these techniques been criticized as they make it difficult to assess insurers' true financial...
Persistent link: https://www.econbiz.de/10013053850
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Network Data
Graham, Bryan S. - 2019
Many economic activities are embedded in networks: sets of agents and the (often) rivalrous relationships connecting them to one another. Input sourcing by firms, interbank lending, scientific research, and job search are four examples, among many, of networked economic activities. Motivated by...
Persistent link: https://www.econbiz.de/10012857731
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Endogenous Network Formation in Congress
Canen, Nathan - 2016
This paper presents and structurally estimates a model of endogenous network formation and legislative activity of career-motivated politicians. Employing data on socialization and legislative effort of members of the 105th-110th U.S. Congresses, our model reconciles a set of empirical...
Persistent link: https://www.econbiz.de/10012980661
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Dynastic Entrepreneurship, Entry, and Non-Compete Enforcement
Rauch, James E. - 2015
We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs. Without finance constraints, enforcement of non-compete agreements unambiguously improves social welfare outcomes, and even increases the rate of spinoffs from original firms....
Persistent link: https://www.econbiz.de/10013024865
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Interfirm Relationships and Business Performance
Cai, Jing - 2017
We organized business associations for the owner-managers of randomly selected young Chinese firms to study the effect of business networks on firm performance. We randomized 2,800 firms into small groups whose managers held monthly meetings for one year, and into a “no- meetings” control...
Persistent link: https://www.econbiz.de/10012966933
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Transparency of Information and Coordination in Economies with Investment Complementarities
Angeletos, George-Marios - 2011
transparency is optimal. This is because more transparency facilitates more effective coordination, which is valuable from a social … ambiguity becomes optimal if there is a high risk that more transparency will lead to coordination failures …
Persistent link: https://www.econbiz.de/10013124660