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Religion, Longevity, and Cooperation: The Case of the Craft Guild.
Richardson, Gary; McBride, Michael - National Bureau of Economic Research (NBER) - 2008
When the mortality rate is high, repeated interaction alone may not sustain cooperation, and religion may play an important role in shaping economic institutions. This insight explains why during the fourteenth century, when plagues decimated populations and the church promoted the doctrine of...
Persistent link: https://www.econbiz.de/10005720575
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Management Practices, Relational Contracts, and the Decline of General Motors
Helper, Susan; Henderson, Rebecca - National Bureau of Economic Research (NBER) - 2014
argue that the conventional explanation for this decline - namely high legacy labor and health care costs - is seriously …
Persistent link: https://www.econbiz.de/10010950676
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Do Hospitals Cross Subsidize?
David, Guy; Lindrooth, Richard; Helmchen, Lorens A.; … - National Bureau of Economic Research (NBER) - 2011
Cross-subsidies are often considered the principal mechanism through which hospitals provide unprofitable care. Yet, hospitals' reliance on and extent of cross-subsidization are difficult to establish. We exploit entry by cardiac specialty hospitals as an exogenous shock to incumbent hospitals'...
Persistent link: https://www.econbiz.de/10009251526
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How Do Firm Financial Conditions Affect Product Quality and Pricing?
Phillips, Gordon M.; Sertsios, Giorgo - National Bureau of Economic Research (NBER) - 2011
We analyze the interaction of firm product quality and pricing decisions with financial distress and bankruptcy in the airline industry. We consider an airline's choices of quality and price as dynamic decisions that trade off current cash flows for future revenue. We examine how airline...
Persistent link: https://www.econbiz.de/10009223311
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Matching Capital and Labor
Berk, Jonathan B.; Binsbergen, Jules H. van; Liu, Binying - National Bureau of Economic Research (NBER) - 2014
We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. At least 30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst its mutual fund managers. We find no evidence of a...
Persistent link: https://www.econbiz.de/10010950822
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Outside Purchase Contracts, Human Capital and Firm Capital Structure
Phillips, Gordon M.; Moon, S. Katie - National Bureau of Economic Research (NBER) - 2014
consistent with firms with more outside purchase contracts using less leverage to decrease the expected costs of financial …
Persistent link: https://www.econbiz.de/10010951012
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Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production
Antras, Pol - National Bureau of Economic Research (NBER) - 2011
I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...
Persistent link: https://www.econbiz.de/10009321289
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Intermediaries in International Trade: Direct versus indirect modes of export
Bernard, Andrew B.; Grazzi, Marco; Tomasi, Chiara - National Bureau of Economic Research (NBER) - 2011
exporters. In particular, high market-specific fixed costs of exporting, the (lack of) quality of the general contracting … export intermediaries to overcome country and product fixed costs means that they can more easily respond along the extensive …
Persistent link: https://www.econbiz.de/10009403414
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The Organizational Implications of Creativity: The US Film Industry in Mid-XXth Century
Gil, Ricard; spiller, pablo t. - National Bureau of Economic Research (NBER) - 2007
We develop a basic framework to understand the organization of highly creative activities. Management faces a fundamental tradeoff in organizing such activities. On the one hand, since creativity cannot be achieved by command and control or by monetary incentives, internal/contractual production...
Persistent link: https://www.econbiz.de/10005710221
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Determinants of Vertical Integration: Finance, Contracts, and Regulation
Acemoglu, Daron; Johnson, Simon; Mitton, Todd - National Bureau of Economic Research (NBER) - 2005
differences in financial development, contracting costs or regulation. We find cross-country correlations between vertical … integration on the one hand and financial development, contracting costs, and entry barriers on the other that are consistent with …; countries with more limited financial development, higher contracting costs or greater entry barriers are concentrated in …
Persistent link: https://www.econbiz.de/10005718077