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Benchmark Regulation of Multiproduct Firms : An Application to the Rail Industry

Wilson, Wesley W. - 2018

A number of formerly regulated multiproduct industries have a transitional or permanent residual regulatory mandate to protect consumers from "excessive" prices. The legislation that deregulated most rail rates contains a statutory mandate for the regulator to protect shippers from "excessive"...

Persistent link: https://www.econbiz.de/10012907724

Are Franchises Bad Employers?

Cappelli, Peter - 2007

Franchise jobs are often described as representing the epitome of the quot;low roadquot; approach to managing employees: high turnover, little training, deskilled jobs, and little employee involvement, practices often seen as unsophisticated. Research on franchise operations suggests, however,...

Persistent link: https://www.econbiz.de/10012776196

Targeting Managerial Control : Evidence from Franchising

Lafontaine, Francine - 2010

Using an extensive longitudinal data set on franchising firms, we show that established franchisors manage their …

Persistent link: https://www.econbiz.de/10012763127

Least-Present-Value-Of-Revenue Auctions and Highway Franchising

Engel, Eduardo M. R. A.; Galetovic, Alexander; Fischer, … - 2021

In recent years several countries have started massive highway franchising programs auctioned to private firms. In …

Persistent link: https://www.econbiz.de/10013233733

The Dynamics of Franchise Contracting : Evidence from Panel Data

Lafontaine, Francine; Shaw, Kathryn L. - 2021

to refute a number of existing theories of franchising that are based on risk-sharing, asymmetric information, and …

Persistent link: https://www.econbiz.de/10013234938

The Role of Residual Claims and Self-Enforcement in Franchise Contracting

Lafontaine, Francine; Raynaud, Emmanuel - 2021

Much of the economic literature on franchising has been concerned with incentive issues and how these are managed in …

Persistent link: https://www.econbiz.de/10013236998

The Characteristics of Multi-Unit Ownership in Franchising : Evidence from Fast-Food Restaurants in Texas

Kalnins, Arturs; Lafontaine, Francine - 2021

One empirical phenomenon that has received little attention in the franchising literature is the tendency for … individual franchisees to own not just one but several units of a given franchised chain. Most current theories of franchising … franchising is not a strategic delegation device, and that the location of units is not determined by the franchisee's desire to …

Persistent link: https://www.econbiz.de/10013252310

Incentive Contracting and the Franchise Decision

Lafontaine, Francine; Slade, Margaret E. - 2021

We examine theoretical predictions and econometric evidence concerning franchise contracting and sales-force compensation and suggest a number of factors that ought to influence the contracts that are written between principles and agents. For each factor, we construct the simplest theoretical...

Persistent link: https://www.econbiz.de/10013313771

Theory and Evidence on Employer Collusion in the Franchise Sector

Krueger, Alan B. - 2018

In this paper we study the role of covenants in franchise contracts that restrict the recruitment and hiring of employees from other units within the same franchise chain in suppressing competition for workers. Based on an analysis of 2016 Franchise Disclosure Documents, we find that...

Persistent link: https://www.econbiz.de/10012914699

Government Guarantees and the Valuation of American Banks

Atkeson, Andrew - 2018

Banks' ratio of the market value to book value of their equity was close to 1 until the 1990s, then more than doubled during the 1996-2007 period, and fell again to values close to 1 after the 2008 financial crisis. Sarin and Summers (2016) and Chousakos and Gorton (2017) argue that the drop in...

Persistent link: https://www.econbiz.de/10012916621