Using a unique longitudinal representative survey of both manufacturing and nonmanufacturingbusinesses in the United States during the 1990’s, I examine the incidenceand intensity of organizational innovation and the factors associated with investments inorganizational innovation...

Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous studies analyzing the relative capital-skill...

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 analyzes the trade-o! between monitoring and incentives in a principal-agent relationship with moral hazard. We derive general results on the optimalmonitoring - incentives mix for the case where both parties are risk-neutral and the agentfaces a limited liability constraint. We show...

We introduce bargaining power in a moral hazard framework whereparties are risk-neutral and the agent is ¯nancially constrained. Weshow that the same contract emerges if the concept of bargaining poweris analyzed in either of the following three frameworks; a standard P-Aframework by varying...

We analyze a two-task work environment with risk-neutral but inequality averse individuals. For the agent employed in task 2 effort is verifiable, while in task 1 it is not. Accordingly, agent 1 receives an incentive contract which, due to his wealth constraint, leads to a rent that the other...

An industry is modeled in which entrepreneurs, who are heterogeneous in ability, may produce formally or informally. It is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values...

Large companies are usually organized into business units, yet some activitiesare almost always centralized in a company-wide functional unit. We firstshow that organizations endogenously create an incentive conflict between functionalmanagers (who desire excessive standardization) and...

Two recent failures of the United States intelligence system have led to thecreation of high-level investigative commissions. The failure to prevent theterrorist attacks of 9/11 prompted the creation of the 9/11 Commission, andthe mistaken belief that Saddam Hussein had retained weapons of...