This paper investigates the determinants of vertical integration. We first derive a number of predictions regarding the relationship between technology intensity and vertical integration from a simple model with nancial imperfections andincomplete contracts. Then, we investigate these...

Recent research has led to the empirical regularity that rm growth rate distributionsare heavy tailed. This nding implies that a few rms experience spectaculargrowth rates and decline, but that most rms have marginal growth rates. The literatureon high growth rms shows that high growth rms are...

We apply the property rights theory of Grossman-Hart-Moore in the musicindustry and study the optimal allocation of copyright between the artistswho create music and the labels who promote and distribute it. Digital tech-nology opens up a role for new intermediaries. We …nd that entry of...

The evaluation of consulting services is a widely, but controversially discussed issue. While there is obviously an increasing need for appropriate evaluation, there are critics questioning the applicability of evaluation methods as well as the motivation to assess. We provide a framework that...

The paper contributes to the literature on the relation between structural changes indemand and supply and growth. We develop a macro{economic model with agent{basedmicro{foundations that articulates the links between production and organisational structureson the supply side, and the endogenous...

This paper uses firm level panel data of firm provided training to estimate its impact onproductivity and wages. To this end the strategy proposed by Ackerberg, Caves and Frazer(2006) for estimating production functions to control for the endogeneity of input factors andtraining is applied. The...

Dieser Beitrag wägt Vorteile und Nachteile verschiedener Flexibilisierungsstrategien ab, die der Stabilisierung des Beschäftigungsniveaus dienen. Insgesamt zeigt sich, daß Arbeitszeitflexibilisierung durch Arbeitszeitkonten alternativen - kurzfristig ausgerichteten - Anpassungsmechanismen aus...

The presented paper proves that working time arrangements, which include hours flexibilityand enable hours deposits, are appealing under product market uncertainty. The modelintegrates efficiency wage arguments into an implicit insurance-contract environment, thusextending the existing...

This paper contributes to recent research on work organization as a key success factor.

With adverse selection, diseconomies of scale associated with hierarchies may induce the implementation of a second-best technology. This occurs whenever rents to lower tiers of the hierarchy increase faster than total surplus. This is more likely with longer hierarchies.