Showing 1 - 10 of 22
This paper addresses the question of delegation in a partial contracting set-up, where only the control over actions is contractible. We consider an organization that should take two decisions, affected by a common state of the world parameter only known by the agent. We show that, if the...
Persistent link: https://www.econbiz.de/10010263055
We study a two-sector economy with investments in human and physical capital and imperfect labor markets. Human and physical capital are heterogeneous. Workers and firms endogenously select the sector they are active in and choose the amount of their sector-specific investments. To enter the...
Persistent link: https://www.econbiz.de/10010286658
We consider a random matching model where heterogeneous agents choose optimally to invest time and real resources in education. Generically, there is a steady state equilibrium, where some agents, but not all of them, invest. Regular steady state equilibria are constrained inefficient in a...
Persistent link: https://www.econbiz.de/10010286675
We study a two-sector economy with investments in human and physical capital and imperfect labor markets. Human and physical capital are heterogeneous. Workers and firms endogenously select the sector they are active in, and choose the amount of their sector-specific investments in human and...
Persistent link: https://www.econbiz.de/10011651595
We consider a random matching model where heterogeneous agents choose optimally to invest time and real resources in education. Generically, there is a steady state equilibrium, where some agents, but not all of them, invest. Regular steady state equilibria are constrained inefficient in a...
Persistent link: https://www.econbiz.de/10011651596
Wir untersuchen den theoretischen Fall einer Ökonomie in der zwei verschiedene Ausbildungstypen in der Produktion verwendet werden. Die Arbeitskräfte sind heterogen in Hinblick auf ihre Fähigkeiten und selektieren sich durch unterschiedlich hohe Investitionen in Humankapital in einen der...
Persistent link: https://www.econbiz.de/10010323814
This paper studies the impact of television on student achievement in Italy, utilizing the staggered rollout of digital television across Italian provinces to isolate television's influence. Using data from national educational assessments (INVALSI) collected in four grades from 2009 to 2012, we...
Persistent link: https://www.econbiz.de/10015338986
In this paper, we consider two platforms that compete for the development of a new product to integrate into their ecosystems. The new product can be developed either inhouse by the platforms or by an independent startup active only in the technology market. The presence of the startup affects...
Persistent link: https://www.econbiz.de/10015211325
Renewable energy communities involve various agents who decide to jointly invest in renewable production units and storage. This paper examines how these communities interact with the energy system and can decrease its overall cost. First, we show that a renewable energy community can contribute...
Persistent link: https://www.econbiz.de/10014290164
This note points out the differences between conducting several projects within one big firm (common ownership) and conducting each project within an independent firm (separate ownership).
Persistent link: https://www.econbiz.de/10010317642