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diversify the composition of the teams, ruling out positive assortative matching. This diversification leads to negative …We analyze the optimal allocation of experts to teams, where experts differ in the precision of their information, and … assortative matching when teams consist of pairs of experts. And when experts' signals are conditionally independent, all teams …
Persistent link: https://www.econbiz.de/10011855895
We examine a supply base diversification problem faced by a buyer who periodically holds auctions to award short term … base diversification depends on the buyer’s bargaining power, i.e., the buyer’s ability to choose the auction mechanism. At … robust to correlation between regional costs, asymmetry across regions, and intermediate levels of bargaining power …
Persistent link: https://www.econbiz.de/10014047132
Horizontal interaction and networking between competitors as opposed to vertical value-chain-based linkages has long been under-conceptualized in the literature on the internal and external structure of clusters. Combining labor mobility/spill-offs, friendship ties among competitors, the role of...
Persistent link: https://www.econbiz.de/10013121425
1996–2006 to examine the presence of complementarity/substitution between corporate diversification and CVC fund … diversification as different forms of exploration. Our results suggest that corporations undertake CVC investments to substitute … corporate diversification if the focus is to explore new markets, and complement corporate diversification in the search of new …
Persistent link: https://www.econbiz.de/10013070615
Uncertainty about manager skill and diversification constraints are hallmarks of investing in alternative assets. This … institutional allocations to private equity and across-fund diversification, our analysis reveals that certainty equivalent returns …
Persistent link: https://www.econbiz.de/10012841893
We study information disclosure and diversification in contests with technological uncertainty, where agents can pursue … completely uninformative, depending on: (i) the option value of diversification; (ii) the quality of the principal's information …
Persistent link: https://www.econbiz.de/10012872186
Understanding the origins of wealth inequality is critical in the debate over what, if anything, to do about it. In this note, we propose a simple model which is still rich enough to reproduce observed patterns of wealth inequality. We call it the Concentrated Asset Betting (CAB) model. A key...
Persistent link: https://www.econbiz.de/10012846162
We examine how diversification of projects assigned to an agency can enhance efficiency by informing a principal of the …
Persistent link: https://www.econbiz.de/10014217525
Persistent link: https://www.econbiz.de/10011318433
Persistent link: https://www.econbiz.de/10009765209