Search Results - subject:"complementarities"

Notes on the Merger Strategy of High versus Low-tech Industries: Complementarities and Moral Hazard

Aydogan, Neslihan - In: Economics Bulletin 12 (2002) 7, pp. 1-12

In this essay I assess the role that is played by the two characteristics of high-tech firms in shaping their corporate strategies: short product cycles and the involvement of intangible assets in production. Short product cycles impose high-tech firms to seek complementary assets for entering...

Persistent link: https://www.econbiz.de/10008556165

Notes on the Merger Strategy of High versus Low-tech Industries: Complementarities and Moral Hazard

Aydogan, Neslihan - In: Economics Bulletin 12 (2002) 7, pp. 1-12

Persistent link: https://www.econbiz.de/10005094822

CAPITAL-SKILL COMPLEMENTARITY? EVIDENCE FROM A PANEL OF COUNTRIES

Papageorgiou, Chris; Sebastián, Fidel Pérez; Duffy, John - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002

Since Griliches (1969), researchers have been intrigued by the idea that physical capital and skilled labor are relatively more complementary than physical capital and unskilled labor. This capital-skill complementarity hypothesis has received renewed attention recently, as researchers have...

Persistent link: https://www.econbiz.de/10005731308

Simultaneous Ascending Auctions With Common Complementarities

Sherstyuk, Katerina - Department of Economics, University of Hawaii-Manoa - 2002

complementarities in agent valuations between objects, provided that complementarities are common across agents. We further investigate …

Persistent link: https://www.econbiz.de/10005704422

A contraction principle for finite global games

Mathevet, Laurent - In: Economic Theory 42 (2010) 3, pp. 539-563

Persistent link: https://www.econbiz.de/10008497287

Complementarity and information technology adoption: Local area networks and the Internet

Arora, Ashish; Forman, Chris; Yoon, Ji Woong - In: Information Economics and Policy 22 (2010) 3, pp. 228-242

-based LAN operating systems and Internet applications simultaneously. We find that complementarities exist and are significant …. By separately estimating the effects of switching costs and complementarities, we demonstrate that measured … complementarities are not solely due to switching costs. We show that organizations using sophisticated Internet applications get the …

Persistent link: https://www.econbiz.de/10008866415

Dynamic Complementarities, Efficiency and Nash Equilibria for Populations of Firms and Workers

Accinelli, Elvio; London, Silvia; Punzo, Lionello F.; … - In: Journal of Economics and Econometrics 53 (2010) 1, pp. 90-110

We consider an economy with two types of firms (innovative and non-innovative) and two types of workers (skilled and unskilled), where workers' decisions are driven by imitative behavior, and thus the evolution of such an economy depends on the initial distribution of the firms. We show that...

Persistent link: https://www.econbiz.de/10008581934

Beauty Contests and "Irrational Exuberance": A Neoclassical Approach

Angeletos, George-Marios; Lorenzoni, Guido; Pavan, … - Center for Mathematical Studies in Economics and … - 2010

The arrival of new, unfamiliar, investment opportunities is often associated with "exuberant" movements in asset prices and real economic activity. During these episodes of high uncertainty, financial markets look at the real sector for signals about the profitability of the new investment...

Persistent link: https://www.econbiz.de/10008597110

Does Labor Diversity Affect Firm Productivity?

Parrotta, Pierpaolo; Pozzoli, Dario; Pytlikova, Mariola - Nationalökonomisk Institut, Institut for Økonomi - 2010

Using an employer-employee dataset, we analyze how diversity in cultural background, skills and demographic characteristics affects total factor productivity (TFP) of firms in Denmark. Implementing structural estimation of firms’ production function, we find evidence that labor diversity in...

Persistent link: https://www.econbiz.de/10008752887

Complementary Tasks and the Limits to the Division of Labour

Görlich, Dennis - Institut für Weltwirtschaft (IfW) - 2010

-level data about job tasks, we analyze which tasks are complements. Such intrapersonal task complementarities limit the division … significantly lower when task complementarities are accounted for. We also advance the current literature on offshorability by …

Persistent link: https://www.econbiz.de/10008784527