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Incomplete contract and divisional structures
Te, Bao; Wang, Yongqin - 2009
ex post bargaining phase in which the managers can agree on theproject which maximize their joint private benefit. Our … model shows the share of co-operative surplus the managers can get from bargaining and their default pay off playsa key role …
Persistent link: https://www.econbiz.de/10011378948
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Bargaining under incomplete information, fairness, and the hold-up problem
Siemens, Ferdinand von - 2005
-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences … implying heterogeneous bargaining behavior and - equally important - preferences are private information. As the sunk … investment costs can thus potentially signal preferences, they can influence beliefs and consequently bargaining outcomes. The …
Persistent link: https://www.econbiz.de/10010371083
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Works councils and collective bargaining in Germany : the impact on productivity and wages
Hübler, Olaf; Jirjahn, Uwe - 2001
bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective … bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent …
Persistent link: https://www.econbiz.de/10011402748
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Negotiations of Oil and Gas Auxiliary Lease Clauses : Evidence from Pennsylvania's Marcellus Shale
Harleman, Max; Manohar, Pramod; Hill, Elaine L. - National Bureau of Economic Research - 2022
Oil and gas lease negotiations provide mineral owners the opportunity to negotiate for both compensation and auxiliary clauses that may protect their health and properties. We use optical character recognition to assemble a novel dataset of compensation and specific clauses in nearly 60,000...
Persistent link: https://www.econbiz.de/10013477298
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Thanks for nothing : expressing gratitude invites exploitation by competitors
Yip, Jeremy; Lee, Kelly Kiyeon; Chan, Cindy - 2018
Persistent link: https://www.econbiz.de/10011931228
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IT outsourcing in Finnish business
Maliranta, Mika (contributor); Rouvinen, Petri (contributor) - 2008
This paper reviews the characteristics and magnitude of information technology (IT) outsourcing as well as studies its labor productivity effects with a representative sample of Finnish businesses. Depending on the IT task in question, on average from one-third to two-thirds of IT has been...
Persistent link: https://www.econbiz.de/10003714916
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Microfinance and the Millennium Development Goals in Pakistan : impact assessment using propensity score matching
Setboonsarng, Sununtar (contributor);  … - 2008
Microfinance is recognized as contributing both directly and indirectly to the Millennium Development Goals (MDGs). Using data from a survey of clients of a microfinance bank, Khushhali Bank, in 2005, the study revisited the survey data and found that despite the Bank’s strict...
Persistent link: https://www.econbiz.de/10003719247
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Transparency, inequity aversion, and the dynamics of peer pressure in teams : theory and evidence
Mohnen, Alwine (contributor); Pokorny, Kathrin (contributor) - 2008
We provide an explanation for peer pressure in teams based on inequity aversion. Analyzing a two-period model with two agents, we find that the effect of inequity aversion strongly depends on the information structure. When contributions are unobservable, agents act as if they were purely...
Persistent link: https://www.econbiz.de/10003652683
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A double moral hazard model of organization design
Berkovitch, Elazar (contributor); Israel, Ronen (contributor) - 2007
We develop a theory of organization design in which the firm's structure is chosen to mitigate moral hazard problems in the selection and the implementation of projects. For a given set of projects, the divisional structureʺ which gives each agent the full responsibility over a subset of...
Persistent link: https://www.econbiz.de/10003743030
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X-efficiency versus rent seeking in Chinese banks : 1997 - 2006
Matthews, Kent (contributor); Guo, Jianguang (contributor);  … - 2008
This study demarcates cost-inefficiency in Chinese banks into X-inefficiency and rent-seeking-inefficiency. A protected banking market not only encourages weak management and X-inefficiency but also public ownership and state directed lending encourages moral hazard and bureaucratic rent...
Persistent link: https://www.econbiz.de/10003785299