Showing 1 - 10 of 47
Tournaments, reward structures based on rank order, are compared with individual contracts in a model with one risk-neutral principal and many risk-averse agents. Each agents' output is a stochastic function of his effort level plus an additive shock term that is common to all the agents. The...
Persistent link: https://www.econbiz.de/10012478271
in the United States, we specify a flexible model to capture competition between a plant in a state with carbon pricing …
Persistent link: https://www.econbiz.de/10012479153
This paper examines the impact of government-sponsored venture capitalists (GVCs) on the success of enterprises. Using international enterprise-level data, we identify a surprising non-monotonicity in the effect of GVC on the likelihood of exit via initial public offerings (IPOs) or third party...
Persistent link: https://www.econbiz.de/10012462136
The expansion of U.S. universities after World War II gained from the arrival of immigrant scientists and graduate students, the broadening of access to universities, and the development of military research and high technology industry. Since the 1980s, however, growth of scientific research in...
Persistent link: https://www.econbiz.de/10012463416
public policy objectives, including value-creation, innovation, and competition. A number of novel data-collection methods …
Persistent link: https://www.econbiz.de/10012464618
We show that demand uncertainty leads to vertical product differentiation even when consumers are homogeneous. When a firm anticipates that its inventory or capacity may not be fully utilized, product variety can reduce its expected costs of excess capacity. When the firm offers a continuum of...
Persistent link: https://www.econbiz.de/10012468099
We study how political factors shape competition in the mobile telecommunication sector. We show that the way a … government designs the rules of the game has an impact on concentration, competition, and prices. Pro-competition regulation … competition. Government intervention has large redistributive effects: U.S. consumers would gain $65bn a year if U.S. mobile …
Persistent link: https://www.econbiz.de/10012455639
We present estimates of 4 and 8 firm concentration ratios by industry and in weighted aggregate form for the manufacturing sector for Chinese enterprises for 2002 and 2007. These are then compared to available estimates for the same years and industrial classification for the US. These...
Persistent link: https://www.econbiz.de/10012458765
The prevalence of shirking within a large Italian bank appears to be characterized by significant regional …
Persistent link: https://www.econbiz.de/10012471366
During the financial crisis that started in 2007, the U.S. government has used a variety of tools to try to rehabilitate the U.S. banking industry. Many of those strategies were used also in Japan to combat its banking problems in the 1990s. There are also a surprising number of other...
Persistent link: https://www.econbiz.de/10012464246