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How Often Should you Open the Door? Optimal Monitoring to Screen Heterogeneous Agents

Ichino, Andrea; Muehlheusser, Gerd - C.E.P.R. Discussion Papers - 2004

This Paper shows that over monitoring a partner in the initial phase of a relationship may not be optimal if the goal is to determine loyalty and if the cost of ending the relationship increases over time. This intuition is simple: by monitoring too much we lose the opportunity to learn how the...

Persistent link: https://www.econbiz.de/10005504367

Bureaucracy as a Mechanism to Generate Information

Novaes, Walter; Zingales, Luigi - C.E.P.R. Discussion Papers - 2003

Firms that maintain no formal record of actions and events would hardly be considered well managed. Yet, organizations that require the recording of actions and the filing of reports are often labeled ‘bureaucratic’ and inefficient. This Paper argues that the thin line between efficient...

Persistent link: https://www.econbiz.de/10005504447

Monetary Policy in an Open Economy: The Differential Impact on Exporting and Non-Exporting Firms

Ber, Hedva; Blass, Asher; Yosha, Oved - C.E.P.R. Discussion Papers - 2002

Using firm-level data, we provide evidence that, although monetary policy affects real investment, the effect operates differentially: the greater its export intensity the less a firm is affected by tight money. We examine several interpretations and conclude that the impact is transmitted...

Persistent link: https://www.econbiz.de/10005504673

Mean and Bold?

Witte, Kristof De; Dijkgraaf, Elbert - Tinbergen Institute - 2007

The Dutch drinking water sector experienced two drastic changes over the last 10 years. Firstly, in 1997, the sector association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops a tailored...

Persistent link: https://www.econbiz.de/10005504883

La sous-traitance, l'impot et ... l'emploi.

Galavielle, J.P. - Centre de recherche de mathématiques et économie … - 2000

On enregistre depuis plusieurs annees une tres forte progression du recours a la sous-traitance. Il a donc paru opportun de proposer une analyse empirique des strategies de recours a la sous-traitance au regard de la relation impot-emploi.

Persistent link: https://www.econbiz.de/10005475337

The Impact of Hierarchies on Wages.

Meagher, K. - School of Economics, UNSW Business School - 1998

The failure of human capital theory to explain firm related effects on wages, new empirical approaches to internal … jobs within firms, help determine wages. The least developped approach to this new area is the theory of hierarchies, which … springs originally from industrial organization and the theory of the firm. The purpose of this paper is to demonstrate the …

Persistent link: https://www.econbiz.de/10005478626

Termination and Coordination in Partnerships.

Minehart, D.; Neeman, Z. - Industry Studies Program (ISP), Department of Economics - 1997

It is common practice for firms to pool their expertise by forming parterships such as joint ventures and strategic alliances. A Central organizational problem in such parterships is that managers may behave noncooperatively in order to advance the interests of their parent firms. We ask whether...

Persistent link: https://www.econbiz.de/10005486722

Markets Can Solve the Hold-Up Problem.

Gersbach, H.; Glazer, A. - California Irvine - School of Social Sciences - 1996

Some regulatory programs are effective only if firms make some irreversible investments which reduce the cost of compliance. A firm potentially subject to regulation may therefore behave strategically - not investing and thus forcing the regulator to void the proposed regulation. We show that...

Persistent link: https://www.econbiz.de/10005486836

Hold-Up Problems and Firm Formation

Gersbach, Hans; Haller, Hans - C.E.P.R. Discussion Papers - 2004

Agents from a homogeneous population organize themselves into productive partnerships and are confronted with a hold-up problem when making relation-specific investments in those partnerships. The problem is mitigated if agents can leave a partnership in which they have invested, bear the costs...

Persistent link: https://www.econbiz.de/10005498121

Internationalization of the R&D Activity – Organizational Forms and Concepts

Gorcheva, Tania - In: Economic Studies journal (2004) 2, pp. 109-145

The study proves the direct connection between the processes of internationalization of R&D activity and the organizational conceptions for their carrying out. Revealed are the scales and outlined are the main tendencies of the processes of internationalization of this specific firm activity....

Persistent link: https://www.econbiz.de/10005422781