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To clarify the determinants and interaction of property rights and transaction costs, I study the design of the legal protection of either a good whose consensual transfer entails a transaction inefficiency or an upstream firm's input whose random cost is unverifiable and ex ante...
Persistent link: https://www.econbiz.de/10012850824
To clarify the determinants and interaction of property rights and transaction costs, I study the design of the legal protection of either a good whose consensual transfer entails a transaction inefficiency or an upstream firm's input whose random cost is unverifiable and ex ante...
Persistent link: https://www.econbiz.de/10012853570
To clarify the determinants and interaction of property rights and transaction costs, I study the design of the legal protection of either a good whose consensual transfer entails a transaction inefficiency or an upstream firm's input whose random cost is unverifiable and ex ante...
Persistent link: https://www.econbiz.de/10012853580
of firm productivity, focusing on the role played by international management standards certification. We develop and … technological capabilities, international standards are still conducive to higher productivity, through improved management … productivity premium. We further investigate the relationship between technological innovation and standard adoption. We find that …
Persistent link: https://www.econbiz.de/10011628037
's foreign intelligence service to sector-specific gaps in total factor productivity (TFP) between West and East Germany. Based …
Persistent link: https://www.econbiz.de/10011665623
's foreign intelligence service to sector-specific gaps in total factor productivity (TFP) between West and East Germany. Based …
Persistent link: https://www.econbiz.de/10011670848
spillovers on firm-level productivity are extensively studied in applied work, but not in the context of resource misallocation …
Persistent link: https://www.econbiz.de/10014433378
If communication involves some transactions cost to both sender and recipient, what policy ensures that correct messages - those with positive social surplus - get sent? Filters block messages that harm recipients but benefit senders by more than transactions costs. Taxes can block positive...
Persistent link: https://www.econbiz.de/10010195139
Recognizing spam as a pollution problem points to a market-based approach that could be more effective than prior approaches based on either technology or law. Combining insights from externality economics and information asymmetry, I argue that an imperfect market can create more value for...
Persistent link: https://www.econbiz.de/10014044017
? Alternatively, are efforts to promote productivity undercut by other efforts such as to maintain or expand employment in less … validation to categorize subsidies into different types. We then estimate total-factor productivity (TFP) for Chinese listed … the aggregated level, Firms’ ex-ante productivity is negatively correlated with subsidies received by firms, and subsidies …
Persistent link: https://www.econbiz.de/10014243523