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Johnson, Simon - 2001

Post-communist countries offer new evidence on the relative importance of courts and relationships in enforcing contracts. Belief in the effectiveness of courts has a significant positive effect on the level of trust shown in new relationships between firms and their customers. Well-functioning...

Persistent link: https://www.econbiz.de/10012470146

Who Should Pay for Credit Ratings and How?

Kashyap, Anil K. - 2013

We analyze a model where investors use a credit rating to decide whether to finance a firm. The rating quality depends on unobservable effort exerted by a credit rating agency (CRA). We study optimal compensation schemes for the CRA when a planner, the firm, or investors order the rating. Rating...

Persistent link: https://www.econbiz.de/10012459738

Intermediaries in Bargaining : Evidence from Business-to-Business Used-Car Inventory Negotiations

Larsen, Bradley J.; Lu, Hengheng; Zhang, Anthony Lee - National Bureau of Economic Research - 2021

We analyze data on tens of thousands of alternating-offer, business-to-business negotiations in the wholesale used-car market, with each negotiation mediated (over the phone) by a third-party company. The data shows the identity of the employee mediating the negotiations. We find that who...

Persistent link: https://www.econbiz.de/10012616607

Can Consumers Detect Lemons? Information Asymmetry in the Market for Child Care

Mocan, H. Naci - 2001

This paper applies direct tests for adverse selection and moral hazard in the market for child care. A unique data set containing quality measures of various characteristics of child care provided by 746 rooms in 400 centers, as well as the evaluation of the same attributes by 3,490 affiliated...

Persistent link: https://www.econbiz.de/10012470433

Screening with Multitasking

Dinerstein, Michael; Opper, Isaac M. - National Bureau of Economic Research - 2022

What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...

Persistent link: https://www.econbiz.de/10013334527

Outsourcing when Investments are Specific and Complementary

Lileeva, Alla - 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/10012464170

Global Sourcing

Antràs, Pol - 2003

We present a North South model of international trade in which differentiated products are developed in the North. Sectors are populated by final-good producers who differ in productivity levels. Based on productivity and sectoral characteristics, firms decide whether to integrate into the...

Persistent link: https://www.econbiz.de/10012468612

Imperfect Labor Contracts and International Trade

Grossman, Gene M. - 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/10012471910

Contracting out the Last-Mile of Service Delivery : Subsidized Food Distribution in Indonesia

Banerjee, Abhijit - 2015

Outsourcing government service provision to private firms can improve efficiency and reduce rents, but there are risks … distribution program. This led 17 percent of treated locations to switch distributors. Introducing the possibility of outsourcing … cheating were also more likely to block the outsourcing process. We find no effect on price or quality of providing information …

Persistent link: https://www.econbiz.de/10012456834

How Wide is the Scope of Hold-Up-Based Theories? Contractual Form and Market Thickness in Trucking

Hubbard, Thomas N. - 1999

How far do the contractual implications of hold-up-based theories (Klein, Crawford, and Alchian (1978), Williamson (1979, 1985)) extend? I investigate this in the context of trucking. Quasi-rents in trucking are generally smaller than in the contexts studied in the previous empirical literature....

Persistent link: https://www.econbiz.de/10012471437

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