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Managing Innovation in a Crowd
Acemoglu, Daron - 2014
Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open … fact that the exact difficulties of innovation tasks may not be known in advance, so tasks that require high-skill labor …
Persistent link: https://www.econbiz.de/10013060414
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The Economics of Labor Coercion
Acemoglu, Daron; Wolitzky, Alexander - National Bureau of Economic Research (NBER) - 2009
The majority of labor transactions throughout much of history and a significant fraction of such transactions in many developing countries today are "coercive", in the sense that force or the threat of force plays a central role in convincing workers to accept employment or its terms. We propose...
Persistent link: https://www.econbiz.de/10008624628
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The Economics of Labor Coercion
Acemoglu, Daron; Wolitzky, Alexander - 2009
The majority of labor transactions throughout much of history and a significant fraction of such transactions in many developing countries today are “coercive,” in the sense that force or the threat of force plays a central role in convincing workers to accept employment or its terms. We...
Persistent link: https://www.econbiz.de/10014200087
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Property Rights, Corruption and the Allocation of Talent: A General Equilibrium Approach
Acemoglu, Daron; Verdier, Thierry - C.E.P.R. Discussion Papers - 1996
We consider an economy where property rights are necessary to ensure sufficient rewards to ex-ante investments. Because enforcement of property rights influences the ex-post distribution of rents, there is room for corruption. We characterize the optimal organization of society and the optimal...
Persistent link: https://www.econbiz.de/10005124188
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Incentives in Markets, Firms and Governments
Acemoglu, Daron; Kremer, Michael; Mian, Atif - National Bureau of Economic Research (NBER) - 2003
Most government expenditure is on goods that yield primarily private benefits, such as education, pensions, and healthcare. We argue that markets are most advantageous in areas where high-powered incentives are desirable, but in areas where high-powered incentives stimulate unproductive...
Persistent link: https://www.econbiz.de/10005829271
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Vertical Integration and Technology: Theory and Evidence
Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - In: Journal of the European Economic Association 8 (2010) 5, pp. 989-1033
We study the determinants of vertical integration. We first derive a number of predictions regarding the relationship between technology intensity and vertical integration from a simple incomplete contracts model. Then, we investigate these predictions using plant-level data for the UK...
Persistent link: https://www.econbiz.de/10008694972
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Managing Innovation in a Crowd
Acemoglu, Daron; Mostagir, Mohamed; Ozdaglar, Asuman - National Bureau of Economic Research (NBER) - 2014
Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open … fact that the exact difficulties of innovation tasks may not be known in advance, so tasks that require high-skill labor …
Persistent link: https://www.econbiz.de/10010821886
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Vertical integration and technology: Theory and evidence
Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - 2004
This paper investigates the determinants of vertical integration using data from the UK manufacturing sector. We find that the relationship between a downstream (producer) industry and an upstream (supplier) industry us more likely to be vertically integrated when the producing industry is more...
Persistent link: https://www.econbiz.de/10010292957
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Vertical Integration and Technology: Theory and Evidence
Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - Institut für Schweizerisches Bankwesen <Zürich> - 2007
This paper investigates the determinants of vertical integration. We first derive a number of predictions regarding the relationship between technology intensity and vertical integration from a simple model with nancial imperfections andincomplete contracts. Then, we investigate these...
Persistent link: https://www.econbiz.de/10005857773
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Vertical Integration and Distance to Frontier
Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002
frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities …, and this creates managerial overload, and discourages innovation. Outsourcing of some production activities mitigates the … frontier, the value of innovation increases, encouraging outsourcing. …
Persistent link: https://www.econbiz.de/10005123937