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between outsourcing potential and international tradability and systematically uses a large set of potential determinants of … organizational and spatial relocation derived from the existing literature on offshoring. Applying principal component analysis, we … are able to compute two indicators explaining both the outsourcing potential and the international tradability of an …
Persistent link: https://www.econbiz.de/10010329264
How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry experiment with skill-based payoffs by systematically varying two key elements of the market environment: demand risk and expected market size. Results show that people's...
Persistent link: https://www.econbiz.de/10010329475
We examine the benefits of objective performance measurement in a field experiment conducted in a retail bank. At the outset objective performance measures of pro fits in each branch were only available on the branch level and managers allocated bonuses to their employees based on subjective...
Persistent link: https://www.econbiz.de/10010329481
This paper introduces the theory of firm organization under moral hazard into an equilibrium model of international trade with heterogeneous talents and technologies. The model is able to explain how the allocation of power and the provision of financial incentives inside firms varies within and...
Persistent link: https://www.econbiz.de/10010329592
In the process of transition of Central and East European countries (CEEC) to a market economy the critical importance of multinational corporations is growing in view of the fact that the former socialist economies have to reintegrate into the global economy and that multinational firms are the...
Persistent link: https://www.econbiz.de/10011574200
The paper focuses on the role of wholesaling in the establishment of international distribution channels with respect to the transaction costs associated with the sale of goods on the international market. The first part of the paper is devoted to the peculiarities and conditions of the domestic...
Persistent link: https://www.econbiz.de/10011643083
The paper discusses the role of communication technologies in reducing the costs of using market exchange. It analyzes the comparative effect of new technologies on transactions which take place within and outside the firm using Coase’s postulate of the size of the firm. Technologically...
Persistent link: https://www.econbiz.de/10011648121
Hart and Moore (2008) argue that varying degrees of flexibility in contracts induce differing reference points and aspiration levels for parties' shares of a transactions total surplus. As a consequence, a trade-off between adaptational flexibility and the prevention of distributional conflicts...
Persistent link: https://www.econbiz.de/10010271433
Despite of the deeply rooted belief of politicians from all over the world in the important role of Mittelstand firms, there has been surprisingly little empirical research on this issue, yet. This article contributes to the literature by studying whether the relative regional importance of...
Persistent link: https://www.econbiz.de/10011474233
We provide experimental evidence for the hypothesis that bounded rationality is an important element of the theory of the firm. We implement a simplified version of a mechanism designed to perfectly solve the holdup problem under conditions of perfect rationality (Maskin 2002). We test whether...
Persistent link: https://www.econbiz.de/10011474235