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Dynamic managerial compensation : on the optimality of seniority-based schemes
Garrett, Daniel F.; Pavan, Alessandro - 2014
We study the optimal dynamics of incentives for a manager whose ability to generate cash .ows changes stochastically with time and is his private information. We show that, in general, the power of incentives (or "pay for performance") may either increase or decrease with tenure. However, risk...
Persistent link: https://www.econbiz.de/10010476876
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Information and competition entry
Ewers, Mara - 2012
This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...
Persistent link: https://www.econbiz.de/10010282257
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Information and competition entry
Ewers, Mara - 2012
This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...
Persistent link: https://www.econbiz.de/10009534049
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Inequality in parental transfers, borrowing constraints and optimal higher education subsidies
Park, Youngmin - 2019
This paper studies optimal education subsidies when parental transfers are unequally distributed across students and cannot be publicly observed. After documenting substantial inequality in parental transfers among US college students with similar family resources, I examine its implications for...
Persistent link: https://www.econbiz.de/10011965782
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Relationship between productivity and efficiency with sustainable development goals : the case of the manufacturing industry in Pichincha, Ecuador
Ibujés-Villacís, Juan; Franco-Crespo, Antonio - In: Revista de métodos cuantitativos para la economía y … 35 (2023), pp. 34-56
research aims to know what has been the behavior of productivity and efficiency of the manufacturing industry in the province … reports of the manufacturing companies between 2010 and 2018 was processed. The values of efficiency were estimated using the … data enveloping analysis technique. With the annual information, the evolution of productivity and efficiency was predicted …
Persistent link: https://www.econbiz.de/10014340294
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Wealth Effects, Incentives and Productivity
Mookherjee, Dilip - 1997
Comparative static effects of varying the wealth level of risk averse agent in a moral hazard setting with limited liability constraints are investigated. There are two principal opposing effects of increasing wealth: the incentive effect, which allows stronger punishments for poor performance,...
Persistent link: https://www.econbiz.de/10014098417
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Productivity Growth and Welfare in a Model of Allocative Inefficiency
Cothren, Richard D. - 2016
We develop a model of learning by doing in human capital formation in the presence of allocative inefficiencies. The inefficiencies are a result of lobbying by firms to establish, or prevent, barriers to the perfectly competitive allocation of factors of production (labor). It is shown that...
Persistent link: https://www.econbiz.de/10013005299
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The transient and persistent efficiency of Italian and German universities : a stochastic frontier analysis
Agasisti, Tommaso; Gralka, Sabine - 2017
recent literature exposes variations in their efficiencies. To gain insights into these differences we split the efficiency … method to measure efficiency, we separate short-term (transient) and long-term (persistent) efficiency, while controlling for … unobserved institution specific heterogeneity. While the first term reflects the efficiency of the individual universities …
Persistent link: https://www.econbiz.de/10011729394
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Productive Versus Innovative Inefficiency in China's State Enterprises
Wu, Yanbing - 2015
This paper proposes the new hypothesis that the loss of innovative efficiency is greater than the loss of productive … efficiency in Chinese state-owned enterprises (SOEs). SOE reform in China has been able to achieve substantial improvements in … SOE productive efficiency by using supervision and incentive mechanisms to establish adequate symmetry between residual …
Persistent link: https://www.econbiz.de/10013011452
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Production and endogenous bankruptcy under collateral constraints
León-Ledesma, Miguel A.; Orrillo, Jaime - 2016
We propose an extension of the incomplete markets general equilibrium model with production to situations in which firms default. In the model, firms are assumed to be owned by a single individual whose roles as entrepreneur and consumer are anonymous. Assets are exogenously collateralised and...
Persistent link: https://www.econbiz.de/10011561050