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Edmans, Alex - 2011

reduces a colleague's marginal cost of effort, and synergy to be the sum of the (unidimensional) influence parameters across a … depends only on total synergy and not individual influence parameters. An increase in synergy raises total effort and total … synergistic agents. An increase in the synergy between two agents can lead to the third agent being excluded from the team, even …

Persistent link: https://www.econbiz.de/10013118246

Busy Directors : Strategic Interaction and Monitoring Synergies

Ljungqvist, Alexander - 2017

We derive conditions for when having a “busy” director on the board is harmful to shareholders and when it is beneficial. Our model allows directors to condition their monitoring choices on their co-directors' choices and to experience positive or negative monitoring synergies across firms....

Persistent link: https://www.econbiz.de/10012946482

Synergizing Ventures

Akcigit, Ufuk - 2019

Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones. VC-backing increases a startup's likelihood of reaching the right tails of the firm size and...

Persistent link: https://www.econbiz.de/10012863701

Academic Dynasties : Decentralization and Familism in the Italian Academia

Durante, Ruben - 2011

Decentralization can lead to "good" or "bad" outcomes depending on the socio-cultural norms of the targeted communities. We investigate this issue by looking at the evolution of familism and nepotism in the Italian academia before and after the 1998 reform, which decentralized the recruitment of...

Persistent link: https://www.econbiz.de/10013118835

Family Ties

Alesina, Alberto F. - 2013

We study the role of the most primitive institution in society: the family. Its organization and relationship between generations shape values formation, economic outcomes and influences national institutions. We use a measure of family ties, constructed from the World Values Survey, to review...

Persistent link: https://www.econbiz.de/10013083386

Married to Intolerance : Attitudes Towards Intermarriage in Germany, 1900-2006

Voigtländer, Nico - 2013

We analyze under which conditions intermarriage can be used as an indicator of tolerance, and whether such tolerant attitudes persisted in Germany during the last century. We find strong evidence for the persistence of tolerant attitudes towards intermarriage with Jews. At the same time, our...

Persistent link: https://www.econbiz.de/10013086668

The Value of Life Near its End and Terminal Care

Becker, Gary S. - 2007

Medical care at the end of life, which is often is estimated to contribute up to a quarter of US health care spending, often encounters skepticism from payers and policy makers who question its high cost and often minimal health benefits. It seems generally agreed upon that medical resources are...

Persistent link: https://www.econbiz.de/10012776193

A Conceptual Framework for Interpreting Recorded Human History

North, Douglass C. - 2007

Neither economics nor political science can explain the process of modern social development. The fact that developed societies always have developed economies and developed polities suggests that the connection between economics and politics must be a fundamental part of the development...

Persistent link: https://www.econbiz.de/10012778079

Is Europe an Optimal Political Area?

Alesina, Alberto F. - 2017

Employing a wide range of individual-level surveys, we study the extent of cultural and institutional heterogeneity within the EU and how this changed between 1980 and 2008. We present several novel empirical regularities that paint a complex picture. While Europe has experienced both systematic...

Persistent link: https://www.econbiz.de/10012958587

Peers at Work

Mas, Alexandre - 2010

We investigate how and why the productivity of a worker varies as a function of the productivity of her co-workers in a group production process. In theory, the introduction of a high productivity worker could lower the effort of incumbent workers because of free riding; or it could increase the...

Persistent link: https://www.econbiz.de/10012760654