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Identity and commitment : Sen's conception of the individual
Davis, John Bryan - 2004
with recent standard economics' explanation of social identity in terms of conformity. Sen's concept of commitment is …This paper develops a conception of personal identity for Amartya Sen's capability framework that emphasizes his self …-scrutinizing aspect of the self and related concept of commitment, and compares this conception to the co1lective intentionality-based one …
Persistent link: https://www.econbiz.de/10011335215
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The formalization of organizational capabilities and learning : results and challenges
Dosi, Giovanni; Faillo, Marco; Manara, Virginia Cecchini; … - 2017
This work offers an overview of recent formalizations of organizational capabilities and learning. We first present the … formal analysis of the development and change of firm's dynamic capabilities by improving our understanding of processes of …
Persistent link: https://www.econbiz.de/10011610278
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Insurance and information : firms as a commitment device
Bovenberg, Ary Lans; Teulings, Coen N. - 2001
We explore the role of firms in insuring non-verifiable output. As a device that allows workers to commit to thedelivery of their output, the firm arises endogenously as an alternative to the market if workers are sufficiently riskaverse and the firm can base its incentive payments on good...
Persistent link: https://www.econbiz.de/10011316894
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How delegation improves commitment
Perino, Grischa - 2008
We often use delegation as a commitment device if a government faces problems of timeinconsistency. McCallum (1995, AER … P&P) challenged this practice, claiming that delegation merely relocates the commitment problem but does not solve it …. In a model where delegation and specific policies are subject to the same commitment technology it is shown that McCallum …
Persistent link: https://www.econbiz.de/10003747341
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Intermediation in foreign trade: when do exporters rely on intermediaries?
Schröder, Philipp J. H.; Trabold, Harald; … - 2003
The paper explores theoretically and empirically why trade intermediaries (TIs) are frequently used as agents for exports to some countries but not to others. We adapt a standard intra-industry trade model with variable export costs (e.g. transport) and fixed export costs (e.g. market access) to...
Persistent link: https://www.econbiz.de/10011437889
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Central governance or subsidiarity : a property-rights approach to federalism
Lülfesmann, Christoph - 2001 - Revised: October 2000
The paper reconsiders the theory of fiscal federalism in a framework inspired by property-rights theory. We set up a two-period model where on a first stage a region in a federation can expend value-enhancing investments into a public project. The project can be implemented on a second stage,...
Persistent link: https://www.econbiz.de/10011538721
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Common and separate ownership of projects
Gautier, Axel - 2002
Persistent link: https://www.econbiz.de/10011538881
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Limited liability and option contracts in models with sequential investments
Lülfesmann, Christoph - 2001
The paper investigates a model where two parties sequentially invest in a joint project (an asset). Investments and the project value are unverifiable, and A is wealth constrained so that an initial outlay must be financed by either agent B or an external investor C, say a bank. We show that an...
Persistent link: https://www.econbiz.de/10011538898
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Holdups, quality choice, and the Achilles' heel in government contracting
Bös, Dieter; Lülfesmann, Christoph - 2001
This paper investigates a procurement relationship between a welfare-oriented government and a private supplier. The agents face several versions of the trading good which differ in quality and production costs, and the differences between those items are undescribable ex ante. In presence of...
Persistent link: https://www.econbiz.de/10011539057
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On the foundations of the property rights theory of the firm : cooperative investments and message-dependent contracts
Roider, Andreas - 2000 - This version: October 2000
The property-rights theory assumes that trade is non-contractible ex-ante and focusses exclusively on the allocation of property-rights. We derive foundations for this focus on property-rights by identifying scenarios where only one of the simple ownership structures is optimal even though trade...
Persistent link: https://www.econbiz.de/10011539180