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We formulate an analytic equilibrium model for simultaneously functioning electricity market and a market for Green Certificates. The major focus of the paper is the effect of market power in a Green Certificate system. One of the main results from the analysis is that the certificate system...
Persistent link: https://www.econbiz.de/10009003095
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
This paper views authority as the right to undertake decisions that have external effects on other members of the organization. Because of contractual incompleteness, monetary incentives are insufficient to internalize these effects in the decision maker's objective. The optimal assignment of...
Persistent link: https://www.econbiz.de/10010333808
This paper views authority as the right to undertake decisions that impose externalities on other members of the …
Persistent link: https://www.econbiz.de/10010334069
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can … create externalities among workers, since their utility upon accepting a contract depends on their team's performance and … therefore on their colleagues' productivity. We study the effects of such externalities in a competitive labor market if workers …
Persistent link: https://www.econbiz.de/10010245995
This paper views authority as the right to undertake decisions that impose externalities on other members of the …
Persistent link: https://www.econbiz.de/10010371079
In Europe, the economic contraction starting in 2007-2008 has called for new economic policy tools. This paper analyses one of such policies, i.e. the network contract. Network Contracts are an innovative policy introduced in Italy with Law 9 April 2009, N. 33. This policy fosters the creation...
Persistent link: https://www.econbiz.de/10014632543
This paper reconsiders the orthodox Anglo-American understanding of labour as a constituency situated outside of the core corporate governance domain. It challenges the dominant neo-classical theory of the firm, which asserts that shareholders are in general the only group of ‘incomplete’...
Persistent link: https://www.econbiz.de/10014147412
inputs and rewards in team production. Second, it deals with the costs of measuring attributes of the good and their impact …
Persistent link: https://www.econbiz.de/10014054675
for horizontal and vertical mergers, and depends on the strength of (co)agglomeration externalities. In horizontal mergers … to reduce production redundancy or contain local competition. In vertical mergers, the target establishments are less … geographically proximate inputs for production. Using proxies to capture three dimensions of (co)agglomeration: input sharing …
Persistent link: https://www.econbiz.de/10014350344