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Optimal procurement and outsourcing of production in small industries : conference paper

Rosar, Frank - 2013 - This version: February 5, 2013

I study the interaction between optimal procurement and outsourcing of production in small industries. First, two … sellers decide about outsourcing. By outsourcing, a seller loses information about the costs of producing to his supplier … suppliers. The focal equilibrium might exhibit bilateral outsourcing although outsourcing is modeled to have no direct positive …

Persistent link: https://www.econbiz.de/10010340964

Wage floors, imperfect performance measures, and optimal job design : conference paper

Kragl, Jenny; Schöttner, Anja - 2013

We analyze the effects of wage floors on optimal job design in a moral-hazard model with asymmetric tasks and imperfect aggregate performance measurement. Due to cost advantages of specialization, assigning the tasks to different agents is efficient. A sufficiently high wage floor, however,...

Persistent link: https://www.econbiz.de/10010339385

Honesty and relational contracts : conference paper

Holger, Herz; Schmutzler, Armin; André, Volk - 2014

We study the economic consequences of opportunities for dishonesty in an environment where efficiency relevant behaviour is not contractible, but rather incentivized by informal agreements in an ongoing relationship. We document the repeated interaction between a principal and an agent who,...

Persistent link: https://www.econbiz.de/10010483887

An optimal incentive contract to avert firm relocation : conference paper

Pollrich, Martin; Schmidt, Robert C. - 2014 - Preliminary and incomplete version

In a globalized economy, firms move production to other countries without turning a hair. A local policy maker who seeks to avert relocation faces a dynamic problem - incentivizing the firm to remain in its home country today does not guarantee that the firm also stays in the future. We...

Persistent link: https://www.econbiz.de/10010482509

Organizational decisions in multistage production processes : conference paper

Nowak, Verena Nina - 2014 - Very preliminary

To explain organizational decisions in multistage production processes we assume a production process with one producer and two suppliers of which one is the firm's direct supplier and the other one is the supplier of the supplier. The firm decides only on the organizational form of her direct...

Persistent link: https://www.econbiz.de/10010491155

Bad mergers revisited : an incentive perspective ; conference paper

Kräkel, Matthias; Müller, Daniel - 2013

We consider a two-stage principal-agent model with limited liability in which a CEO is employed as agent to gather information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that the CEO systematically recommends targets with low...

Persistent link: https://www.econbiz.de/10010340013

Incomplete contracting, renegotiation, and expectation-based loss aversion : conference paper

Herweg, Fabian; Karle, Heiko; Müller, Daniel - 2014

We consider a simple trading relationship between an expectation-based loss-averse buyer and profit-maximizing sellers. When writing a long-term contract the parties have to rely on renegotiations in order to ensure materially efficient trade ex post. The type of the concluded long-term contract...

Persistent link: https://www.econbiz.de/10010486657

Effort incentives and on-the-job search : an alternative role for efficiency wages in employment contracts ; conference paper

Herbold, Daniel - 2013

We study an infinitely repeated principal-agent relationship with on-the-job search. On-the-job search is modeled as a dimension of the agent's effort vector that has no effect on output, but raises his future outside option. The agent's incentives to search are increasing in the degree to which...

Persistent link: https://www.econbiz.de/10010338954

Outsourcing potentials and international tradability of jobs : evidence from German micro-level data ; conference paper

Brändle, Tobias; Koch, Andreas - 2013

between outsourcing potential and international tradability and systematically uses a large set of potential determinants of … are able to compute two indicators explaining both the outsourcing potential and the international tradability of an … outsourcing potential and international tradability on individual income and find that especially the latter has a negative effect …

Persistent link: https://www.econbiz.de/10010343756

Global sourcing : towards an empirical test of the hold-up model ; conference paper

Kohler, Wilhelm; Smolka, Marcel - 2013

We use Spanish firm-level data to test the hold-up model of global sourcing proposed by Antr s & Helpman (2004). We propose a novel representation of the model which guides us in bringing the theory to the data. We estimate a discrete choice model of firms' sourcing behavior, separately for the...

Persistent link: https://www.econbiz.de/10010336794

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