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I develop a two-period model of supply chain fragility. In the model, an exogenous shock can break a random link in the chain, in which case the flow goes through a new firm drawn out of a competitive pool. I show that (1) the more upstream the broken link is, the greater the loss on the final...
Persistent link: https://www.econbiz.de/10014243376
We consider competition for market shares between two firms that make costly investments to attract and retain … value and the initial state of the market on competition. The initial state of the market is either randomly assigned or … retention value rises, but only when it is sufficiently high. Investment also rises with initial market share when it is low …
Persistent link: https://www.econbiz.de/10014243486
This paper investigates the optimal formation of teams in a tournament. A manager sorts four workers---who differ in their productivity---into two teams. Workers on each team join forces to produce team output, and one team wins a prize; e.g., a bonus package. Two sorting patterns are possible:...
Persistent link: https://www.econbiz.de/10014243687
Papers in contest design often find a trade-off between incentive and selection. We show that it is possible to improve contest performance in both dimensions as long as the losers can proceed to the next stage and the winners have their cost of effort reduced. We also found that the comparison...
Persistent link: https://www.econbiz.de/10014243696
Integration of health care services has been promoted in several countries to improve the quality and coordination of care. We investigate the effects of such integration in a model where providers compete on quality to attract patients under regulated prices. We identify circumstances under...
Persistent link: https://www.econbiz.de/10014243947
and the jury’s first prize are awarded to the same person or group. Using data on 370 competition-editions held between … 1979 and 2021 across nine competition-types (e.g., piano, strings, woodwinds and brass, voice, etc.,) hosted in 22 … audience and jury varies across competition-types and countries. We then explore gender bias and host country bias as possible …
Persistent link: https://www.econbiz.de/10014243953
The rapid productivity gains achieved by technological innovations in the 20th century have slowed in recent decades. This has come at a time of increased market concentration. In this paper, I explore how dominant companies in concentrated sectors have siphoned off inventors that might have...
Persistent link: https://www.econbiz.de/10014244203
The Great Liberalization was a historical process between 1986 and 1994 that consisted in developing countries adopting open trade policies to integrate themselves, in economic and financial terms, with the rest of the world. This paper analyzes the effects of this process on innovation. I use...
Persistent link: https://www.econbiz.de/10014244352
This paper studies how target industry competition affects shareholder gains around mergers and acquisitions. We find … that industry competition does not affect the combined (bidder and target) announcement returns; however, when taken … bidder announcement returns associated with higher industry takeover competition are mitigated when bidders are from …
Persistent link: https://www.econbiz.de/10014244746
industry competition. For identification, we utilise the change in state level competition that followed the passage of the US … create-dominant organizational cultures have higher discretionary LLPs when competition increases. Moreover, banks use …
Persistent link: https://www.econbiz.de/10014244788