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Using Behavioral Economics to Show the Power and Efficiency of Corporate Law as Regulatory Tool

Greenfield, Kent - 2003

Prepared for the Daniel J. Dykstra Corporate Governance Symposium at University of California, Davis, in February 2001, this article argues that changes in corporate governance in the United States - specifically the relaxation of the profit maximization norm, the broadening of management's...

Persistent link: https://www.econbiz.de/10012740561

An empirical derivation of the industry wage equation

Mason, Patrick L. - Volkswirtschaftliche Fakultät, … - 1994

This paper utilizes the Box-Cox transformation of variables technique to empirically derive an industry wage equation. Section I presents the determinants of potential wage differentials between and within industries. Section II estimates a Box-Cox industry wage equation. Likelihood ratio tests...

Persistent link: https://www.econbiz.de/10005621915

Another Effect of Group Diversity: Educational Composition and Workers’ Pay

Tuor Sartore, Simone; Backes-Gellner, Uschi - Institut für Strategie und Unternehmensökonomik … - 2012

Drawing on an unusually large set of employer-employee data, we examine how workers’ pay is related to the educational composition within their occupational group. We find that educational composition as measured by the educational diversity and the educational level of an occupational group...

Persistent link: https://www.econbiz.de/10010739894

Managers Compensation and Collusive Behaviour under Cournot Oligopoly

Marco, Marini - Volkswirtschaftliche Fakultät, … - 1997

The aim of the present paper is to show that the existence of a concrete outside option for firms' executives can induce, under specific circumstances, every firm to adopt restrictive output practises. In particular, the paper characterizes the conditions for which, under Cournot oligopoly,...

Persistent link: https://www.econbiz.de/10009148007

Wage disparity and team performance in the process of industry development: Evidence from Japan’s professional football league

Yamamura, Eiji - Volkswirtschaftliche Fakultät, … - 2010

The changing effects of wage disparity on team performance during the process of industry development are examined using data sourced from the Japanese professional football league. The results show that wage disparity leads to a reduction in team performance during the developing stage but does...

Persistent link: https://www.econbiz.de/10008765634

Specialization, Firms and Markets: The division of Labour Between and Within Law Firms

Garicano, Luis; Hubbard, Thomas - C.E.P.R. Discussion Papers - 2003

the Census of Services to examine law firms' boundaries. We first examine how the specialization of lawyers and firms … increases as lawyers' returns to specialization increase. In fields where lawyers increasingly specialize with market size, the … specialization by mediating exchanges of economic opportunities more efficiently than markets. …

Persistent link: https://www.econbiz.de/10005123527

Firm Structure, Multinationals, and Manufacturing Plant Deaths

Jensen, J. Bradford; Bernard, Andrew - Census Bureau, Department of Commerce - 2005

Plant shutdowns shape industry and aggregate productivity paths and play a major role in the dynamics of employment and industrial restructuring. Plant closures in the U.S. manufacturing sector account for more than half of gross job destruction. While multi-plant firms and multinationals...

Persistent link: https://www.econbiz.de/10005058832

Social Networks and Peer Effects at Work

Beugnot, Julie; Fortin, Bernard; Lacroix, Guy; … - Institute for the Study of Labor (IZA) - 2013

This paper extends the standard work effort model by allowing workers to interact through networks. We investigate experimentally whether peer performances and peer contextual effects influence individual performances. Two types of network are considered. Participants in Recursive networks are...

Persistent link: https://www.econbiz.de/10010960124

The Impact of Social Comparisons on Reciprocity

Gaechter, Simon; Nosenzo, Daniele; Sefton, Martin - Centre for Decision Research and Experimental Economics … - 2008

We investigate the effects of pay comparison information (i.e. information about what coworkers earn) and effort comparison information (information about how co-workers perform) in experimental firms composed of one employer and two employees. Exposure to pay comparison information in isolation...

Persistent link: https://www.econbiz.de/10005150914

Don´t Drink and... Avoid Risky Sex of Your Peers: The Influence of Alcohol Consumption of Opposite-Gender Peers on Youth Risky Sexual Behavior

Pertold, Filip - Center for Economic Research and Graduate Education and … - 2010

I estimate the effect of opposite-gender peer drinking on individual risky sexual behavior among Czech youth. The identification strategy relies on two main controls for individual and group-specific unobservables. First, younger schoolmates’ sexual behavior is a control for school-specific...

Persistent link: https://www.econbiz.de/10008751898

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