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We first summarize the dominant interpretations of the "frontier" in the United States and predecessor colonies over the past 400 years: agricultural (1610s-1880s), industrial (1890s-1930s), scientific (1940s- 1980s), and algorithmic (1990s-present). We describe the difference between the...
Persistent link: https://www.econbiz.de/10013055503
This essay reviews the theoretical and empirical literature on quality disclosure and certification. After comparing … quality disclosure with other quality assurance mechanisms and describing a brief history of quality disclosure, we address … quality measurement, the effect of third party disclosure on consumer choice and seller behavior, as well as the economics of …
Persistent link: https://www.econbiz.de/10013148872
industry to the low penetration of techniques such as TQM and continuous improvement. Yet a vigorous tradition in the …
Persistent link: https://www.econbiz.de/10013138087
Moral hazard is endemic to employment relationships and firms often use performance pay and managerial control to address this problem. While performance pay has received much empirical attention, managerial control has not. We analyze data from a managerial-control field experiment in which an...
Persistent link: https://www.econbiz.de/10013072870
. Superintendents are the CEOs of a cluster of schools with powers to affect the quality of schooling, and we extend the approach used … schools with higher quality superintendents are more likely to address school climate, violence and bullying, and implement …
Persistent link: https://www.econbiz.de/10012943187
certain fraction of low-quality science characterizes all the equilibria in the basic model. In fact, the absence of detected … low-quality research can be interpreted as the lack of verification activities and thus as a potential limitation to the … reliability of a field. Incentivizing incremental research and verification activities improves the expected quality of research …
Persistent link: https://www.econbiz.de/10013022935
We develop a new model of quality to capture the idea that even if a customer chooses to purchase a product, it may … where firms first choose quality and then price. We find that in equilibrium, the high quality firm (the one with a higher … probability of being able to deliver') will always make higher profits than the low quality one even if costs of quality are …
Persistent link: https://www.econbiz.de/10013222059
productivity impacts of movements from traditional adversarial management, which is the norm in this industry, to total quality … management (TQM) and back again. How and why TQM is adopted may be just as important as whether it is adopted. Finally … large commercial aircraft. The analysis combines the deep firm- specific knowledge of management and labor typical of the …
Persistent link: https://www.econbiz.de/10013235276
product potentially can be improved a countably infinite number of times, but quality improvements require the investment of …
Persistent link: https://www.econbiz.de/10013235883
to financing constraints, but also do not seem to benefit from a patent quality signal …
Persistent link: https://www.econbiz.de/10013034078