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Accelerated Technological Progress - An Explanation for Wage Dispersion and a Possible Solution to the Productivity Paradox

Nikutowski, Oliver - 2007

Due to scarcity considerations an increase in the supply of college graduates should reduce the premium for this kind of qualification. Therefore it seems quite contradictory that a tremendous educational expansion in the USA is accompanied by rising wage dispersion (overall and between...

Persistent link: https://www.econbiz.de/10010427502

Central Bank's Action and Communication

Baeriswyl, Romain - 2007

This paper contributes to the ongoing debate about the welfare effect of public information. In an environment characterized by imperfect common knowledge and strategic complementarities, Morris and Shin (2002)argue that noisy public information may be detrimental to welfare because public...

Persistent link: https://www.econbiz.de/10010427503

An Empirical Test of the Reder Hypothesis

Ludsteck, Johannes; Haupt, Harald - 2007

A firm that faces insufficient supply of labor can either increase the wage offer to attract more applicants, or reduce the hiring standard to enlarge the pool of potential employees, or do both. This simultaneous adjustment of wages and hiring standards in response to changes in market...

Persistent link: https://www.econbiz.de/10010427507

Creditor Passivity: The Effects of Bank Competition and Institutions on the Strategic Use of Bankruptcy Filings

Hainz, Christa - 2007

Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm’s type to its competitors. Thereby,...

Persistent link: https://www.econbiz.de/10010427508

Communication, cooperation and collusion in team tournaments - An experimental study

Sutter, Matthias; Strassmair, Christina - 2007

We study the effects of communication in an experimental tournament between teams. When teams, rather than individuals, compete for a prize there is a need for intra-team coordination in order to win the inter-team competition. Introducing communication in such situations may have ambiguous...

Persistent link: https://www.econbiz.de/10010427509

Equal Sharing Rules in Partnerships

Bartling, Björn; Siemens, Ferdinand von - 2007

Partnerships are the prevalent organizational form in many industries. Most partnerships share profits equally among the partners. Following Kandel and Lazear (1992) it is often argued that ``peer pressure'' mitigates the arising free-rider problem. This line of reasoning takes the equal sharing...

Persistent link: https://www.econbiz.de/10010427510

Why were FIFA World Cup Tickets so cheap? Monopoly Pricing, Demand Quality and Two-Sided Markets

Eichhorn, Christoph; Sahm, Marco - 2007

We examine the pricing decision of a multi-product monopolist in a two-sided market where the type structure of buyers on one side of the market is an important determinant of profit on the other side. In this situation it might be optimal to set prices below the maximum sellout price and to...

Persistent link: https://www.econbiz.de/10010427511

Dichotomous preferences and power set extensions

Arlegi, Ritxar; Dimitrov, Dinko - 2008

This paper is devoted to the study of how to extend a dichotomous partition of a universal set X into good and bad objects to an ordering on the power set of X. We introduce a family of rules that naturally take into account the number of good objects and the number of bad objects, and provide...

Persistent link: https://www.econbiz.de/10010427514

Unionisation triggers tax incentives to attract foreign direct investment

Haufler, Andreas; Mittermaier, Ferdinand - 2008

This paper analyses tax competition between a unionised and a non-unionised country for the location of an outside firm. We show that unionisation offers an extra incentive for the government to attract a foreign competitor to a concentrated domestic market, in order to affect the behaviour of...

Persistent link: https://www.econbiz.de/10010427522

Consistency in Organization

Schlicht, Ekkehart - 2008

modern compensation theory, but has not been extended to organization theory. The idea is developed by starting from … Williamson's discussion of idiosyncratic exchange. The perspective sheds new light on several topics in the theory of the firm … of incentives, or the role of routines. It implies a “perceptional” theory of the firm that is “realistic” in the sense …

Persistent link: https://www.econbiz.de/10010427523