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Transfer Fee Regulations in European Football
Feess, Eberhard; Muehlheusser, Gerd - 2002
We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 (?Pre-Bosman? or P), currently in use (?Bosman? or B), and recently approved (?Monti? or M) differ with...
Persistent link: https://www.econbiz.de/10010262824
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Creative professionals and high-skilled agents: Polarization of employment growth?
Wedemeier, Jan - 2012
The creative sector is frequently regarded as one of the driving forces of total employment growth. Empirical studies suggest that the clustering of human capital might result in the polarization of employment growth. Since the creative sector's definition is motivated from the insights of the...
Persistent link: https://www.econbiz.de/10010308223
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Inducing human capital formation: Migration as a substitute for subsidies
Stark, Oded; Wang, Yong - 2001
When productivity is fostered by an individual's own human capital as well as by the economy-wide average level of human capital, individuals under-invest in human capital. The provision of subsidies for the formation of human capital, conditional on the subsidy being self-financed by tax...
Persistent link: https://www.econbiz.de/10010292740
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Externalities in Recruiting
Kräkel, Matthias; Lammers, Frauke; Szech, Nora - 2011
According to the previous literature on hiring, ?rms face a trade-off when deciding on external recruiting: From an incentive perspective, external recruiting is harmful since admission of external candidates reduces internal workers’ career incentives. However, if external workers have high...
Persistent link: https://www.econbiz.de/10010293365
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Externalities, communication and the allocation of decision rights
Bester, Helmut - 2005
This paper views authority as the right to undertake decisions that impose externalities on other members of the …
Persistent link: https://www.econbiz.de/10010299085
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Agglomeration economies and clustering: Evidence from German firms
Hafner, Kurt A. - 2008
economies derived from the New Economic Geography and Marshall externalities. At the industry specific level, I find that within … level, Marshall externalities such as hiring skilled labor and technological spillover effects are empirically confirmed for …
Persistent link: https://www.econbiz.de/10010300170
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On the Stability of Hierarchies in Games with Externalities
Currarini, Sergio - 2003
Demange (1994, 2002), extend to partition function games with negative externalities. Under positive externalities, although …
Persistent link: https://www.econbiz.de/10011325041
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Bidding among Friends and Enemies
Ettinger, David - 2003
paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …
Persistent link: https://www.econbiz.de/10011325066
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The core in the presence of externalities
Kóczy, Lásló À. - 2002
We generalise the coalition structure core to partition function games. Our definition relies only on one crucial assumption, namely that there is some internal consistency in the game: residuals of the deviation play a game similar to the initial one, and –whenever this is possible– they...
Persistent link: https://www.econbiz.de/10011335686
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Stable organizations with externalities
Currarini, Sergio - 2002
externalities. An organization is defined as a group of agents, together with a set of bilateral relations, formally, a connected … graph. Because of the presence of externalities, the profitability of coalitional threats to an organization depend on the … externalities, while the fully connected organization emerges under negative. This result is shown to hold independently of the …
Persistent link: https://www.econbiz.de/10011335721