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Imperfect Labor Contracts and International Trade
Grossman, Gene - National Bureau of Economic Research (NBER) - 1999
In an economy with imperfect labor contracts, differences in the distribution of human capital are an independent source of comparative advantage. I study a world economy with two sectors, one where output is produced by teams and another where individuals can work alone. When workers' abilities...
Persistent link: https://www.econbiz.de/10005778400
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Diversity and Trade
Grossman, Gene; Maggi, Giovanni - National Bureau of Economic Research (NBER) - 1998
We develop a competitive model of trade between countries with similar aggregate factor endowments. The trade pattern reflects differences in the distribution of talent across the labor forces of the two countries. The country with a relatively homogenous population exports the good produced by...
Persistent link: https://www.econbiz.de/10005575693
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Heterogeneous Technology Diffusion and Ricardian Trade Patterns
Kerr, William R. - National Bureau of Economic Research (NBER) - 2013
This study tests the importance of Ricardian technology differences for international trade. The empirical analysis has three comparative advantages: including emerging and advanced economies, isolating panel variation regarding the link between productivity and exports, and exploiting...
Persistent link: https://www.econbiz.de/10010714167
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Vertical Integration and Market Structure
Bresnahan, Timothy; Levin, Jonathan - National Bureau of Economic Research (NBER) - 2012
Contractual theories of vertical integration derive firm boundaries as an efficient response to market transaction costs. These theories predict a relationship between underlying features of transactions and observed integration decisions. There has been some progress in testing these...
Persistent link: https://www.econbiz.de/10009652759
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Outsourcing when Investments are Specific and Complementary
Van Biesebroeck, Johannes; Lileeva, Alla - National Bureau of Economic Research (NBER) - 2008
Using the universe of large Canadian manufacturing firms in 1988 and 1996, we investigate to what extent outsourcing … outsourcing less likely; (ii) complementarities between the investments of the buyer and the seller are also associated with less … outsourcing; (iii) property rights predictions on the link between investment intensities and optimal ownership are only supported …
Persistent link: https://www.econbiz.de/10005778092
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Bidding for Incomplete Contracts: An Empirical Analysis
Bajari, Patrick; Houghton, Stephanie; Tadelis, Steve - National Bureau of Economic Research (NBER) - 2006
Procurement contracts are often incomplete because the initial plans and specifications are changed and refined after the contract is awarded to the lowest bidder. This results in a final cost to the buyer that differs from the low bid, and may also involve significant adaptation and...
Persistent link: https://www.econbiz.de/10005778736
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Competition and the Ratchet Effect
Charness, Gary; Kuhn, Peter; Villeval, Marie Claire - National Bureau of Economic Research (NBER) - 2010
In labor markets, the ratchet effect refers to a situation where workers subject to performance pay choose to restrict their output, because they rationally anticipate that firms will respond to higher output levels by raising output requirements or cutting pay. We model this effect as a...
Persistent link: https://www.econbiz.de/10008534200
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Contractibility and the Design of Research Agreements
Lerner, Josh; Malmendier, Ulrike - National Bureau of Economic Research (NBER) - 2005
We analyze how variations in contractibility affect the design of contracts in the context of biotechnology research agreements. A major concern of firms financing biotechnology research is that the R&D firms might use the funding to subsidize other projects or substitute one project for...
Persistent link: https://www.econbiz.de/10005580417
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Structuring Incentives Within Organizations: The Case of Accountable Care Organizations
Rebitzer, James B.; Frandsen, Brigham - National Bureau of Economic Research (NBER) - 2014
Accountable Care Organizations (ACOs) are new organizations created by the Affordable Care Act to encourage more efficient, integrated care delivery. To promote efficiency, ACOs sign contracts under which they keep a fraction of the savings from keeping costs below target provided they also...
Persistent link: https://www.econbiz.de/10010759906
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The Economic Impact of Social Ties: Evidence from German Reunification
Burchardi, Konrad B.; Hassan, Tarek Alexander - National Bureau of Economic Research (NBER) - 2011
We use the fall of the Berlin Wall in 1989 to show that personal relationships which individuals maintain for non-economic reasons can be an important determinant of regional economic growth. We show that West German households who have social ties to East Germany in 1989 experience a persistent...
Persistent link: https://www.econbiz.de/10009151546