Search Results - subject:"Incomplete contracts"

On the legitimacy of coercion for the financing of public goods

Bierbrauer, Felix - 2009

The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...

Persistent link: https://www.econbiz.de/10010279476

Firm heterogeneity, contract enforcement, and the industry dynamics of offshoring

Ottaviano, Gianmarco I. P.; Naghavi, Alireza - 2009

incomplete contracts. In so doing, we model offshoring as the geographical fragmentation of a firm's production chain between a … incomplete contracts also increases consumption depends on firm heterogeneity. On the normative side, we show that, whereas with … complete contract efficiency is restored through a subsidy to R&D only, with incomplete contracts a production subsidy to …

Persistent link: https://www.econbiz.de/10010279501

International trade, factor mobility and the persistence of cultural-institutional diversity

Belloc, Marianna; Bowles, Samuel - 2009

Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...

Persistent link: https://www.econbiz.de/10010287852

Trade Intermediation and the Organization of Exporters

Felbermayr, Gabriel J; Jung, Benjamin - Institut für Volkswirtschaftslehre, Fakultät … - 2009

The business literature shows that exporting firms typically require the help of foreign trade intermediaries or need to set up own foreign wholesale affiliates. In contrast, conventional trade theory models assume that producers can directly access foreign consumers. This paper models the...

Persistent link: https://www.econbiz.de/10004968932

Gift Exchange and Workers' Fairness Concerns: When Equality Is Unfair

Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - Institute for the Study of Labor (IZA) - 2009

incomplete contracts: since many agents repay a gift in the form of higher wages by providing higher e orts, e ort can be … elicited under incomplete contracts even in one-shot situations where no future gains can be expected (e.g., Akerlof 1982, Fehr … laboratory experiments studying labor relations with incomplete contracts, one typically observes that e orts and wages exceed …

Persistent link: https://www.econbiz.de/10004969331

On the Legitimacy of Coercion for the Financing of Public Goods

Bierbrauer, Felix - CESifo - 2009

Persistent link: https://www.econbiz.de/10004979415

Strategic control and strategic communication

Alonso, Ricardo - London School of Economics (LSE) - 2009

This paper studies the optimal allocation of decision rights between an uninformed principal and an informed agent when interdependent activities need to be adapted to local conditions. While the principal cares only about overall profits the agent may favor higher, or lower, levels for each...

Persistent link: https://www.econbiz.de/10011126084

Selezione dei fornitori e incentivi alla rinegoziazione in contratti incompleti: rilevanza empirica nel settore dei lavori pubblici

Calogero, Guccio; Giacomo, Pignataro; Ilde, Rizzo - In: Rivista italiana degli economisti (2009) 2, pp. 311-344

presence of incomplete contracts, an excessive emphasis on the tendering rules, in absence of an efficient system of sanctions …

Persistent link: https://www.econbiz.de/10010789177

A Matter of Interpretation: Bargaining over Ambiguous Contracts

Grant, Simon; Kline, Jeff; Quiggin, John - School of Economics, University of Queensland - 2009

We present a formal treatment of contracting in the face of ambiguity. The central idea is that boundedly rational individuals will not always interpret the same situation in the same way. More specifically, even with well defined contracts, the precise actions to be taken by each party to the...

Persistent link: https://www.econbiz.de/10010910952

International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity

Belloc, Marianna; Bowles, Samuel - Department of Economics, University of Massachusetts-Amherst - 2009

, incomplete contracts, evolutionary game theory, culture, trade integration, factor mobility, globalization 1. Introduction … shaped by social norms and governed by (possibly incomplete) contracts. Goods differ in the extent to which their production … prevail in a given country, incomplete contracts, for example being more profitable where social preferences like the work …

Persistent link: https://www.econbiz.de/10004982530