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We investigate the welfare effects of vertical integration of regional sports networks (RSNs) with programming distributors in U.S. multichannel television markets. Vertical integration can enhance efficiency by reducing double marginalization and increasing carriage of channels, but can also...
Persistent link: https://www.econbiz.de/10013002267
Economists are skeptical about the economic benefits of hosting quot;mega-eventsquot; such as the Olympic Games or the World Cup, since such activities have considerable cost and seem to yield few tangible benefits. These doubts are rarely shared by policy-makers and the population, who are...
Persistent link: https://www.econbiz.de/10012757590
How does increasing globalization affect corporate transparency? Freer trade represents different facets and in theory … sector-country-year level, and a second measure of globalization-induced product market competition based on a country's own … engendered by globalization promotes corporate transparency, especially in industries that depend heavily on external financing …
Persistent link: https://www.econbiz.de/10013067063
We develop a dynamic equilibrium model of labor demand with adverse selection. Firms learn the quality of newly hired workers after a period of employment. Adverse selection makes it costly to hire new workers and to release productive workers. As a result, firms hoard labor and under-react to...
Persistent link: https://www.econbiz.de/10013108250
In this handbook of labor economics chapter we examine the relationship between Human Resource Management (HRM) and … literature on management practices and productivity. We start with some facts on levels and trends of both HRM and productivity …
Persistent link: https://www.econbiz.de/10013069842
Personnel economics drills deeply into the firm to study human resource management practices like compensation, hiring … are teams used most effectively? How should all these human resource management practices, from incentive pay to teamwork …
Persistent link: https://www.econbiz.de/10012773211
needs and management of their workforce when making financing decisions …
Persistent link: https://www.econbiz.de/10012909869
How much do a manager's interpersonal skills with subordinates, which we call people management skills, affect employee …-measured people management skills have a strong negative relation to employee turnover. A causal interpretation is reinforced by … research designs exploiting new workers joining the firm and manager moves. However, people management skills do not …
Persistent link: https://www.econbiz.de/10012899917
This study uses a 10-year longitudinal database on U.S. manufacturing establishments to analyze the dynamics of the adoption and termination of employee involvement programs (EI). We show that firms' use of EI has not grown continuously, but rather introduce and terminate EI policies in ways...
Persistent link: https://www.econbiz.de/10012760407
We argue that earnings management and fraudulent accounting have important economic consequences. In a model where the … costs of earnings management are endogenous, we show that in equilibrium, bad managers hire and invest too much in order to …
Persistent link: https://www.econbiz.de/10012762395