Search Results - subject:"complementarities"

The Firm as a Pool of Factor Complementarities

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2004

This Paper presents a new approach to the theory of the firm by identifying factor complementarities as central to the … determination of the firm’s boundaries. The factor complementarities may take a variety of forms: technological and informational … complementarities, as well as economies of scale and scope. We examine the trade-off between the gains from these complementarities and …

Persistent link: https://www.econbiz.de/10005136409

Mixed equilibria in games of strategic complementarities

Echenique, Federico - In: Economic Theory 22 (2003) 1, pp. 33-44

The literature on games of strategic complementarities (GSC) has focused on pure strategies. I introduce mixed … strategies and show that, when strategy spaces are one-dimensional, the complementarities framework extends to mixed strategies …

Persistent link: https://www.econbiz.de/10005370895

Complementarities and Substitutabilities in Franchise Contracting: Some Results from the German Franchise Sector

Windsperger, Josef - In: Journal of Management and Governance 7 (2003) 3, pp. 291-313

According to the property rights approach,decision rights have to be allocated accordingto the distribution of intangible knowledge assetsbetween the franchisor and franchisee andownership rights have to be assigned according to theresidual rights of control (residual decisionrights). Since...

Persistent link: https://www.econbiz.de/10010867161

The Firm as a Pool of Factor Complementarities

Lindbeck, Assar; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2003

This paper presents a new approach to the theory of the firm by identifying factor complementarities as central to the … determination of the firm’s boundaries. The factor complementarities may take a variety of forms: technological and informational … complementarities, as well as economies of scale and scope. We examine the tradeoff between the gains from these complementarities and …

Persistent link: https://www.econbiz.de/10005763561

Equilibria in a Dynamic Global Game: The Role of Cohort Effects

Heidhues, Paul; Melissas, Nicolas - Abteilung "Wettbewerbsfähigkeit und industrieller … - 2003

We introduce strategic waiting in a global game setting with irreversible investment. Players can wait in order to make a better informed decision. We allow for cohort effects and discuss when they arise endogenously in technology adoption problems with positive contemporaneous network effects....

Persistent link: https://www.econbiz.de/10005772919

The equilibrium set of two-player games with complementarities is a sublattice

Echenique, Federico - In: Economic Theory 22 (2003) 4, pp. 903-905

I prove that the equilibrium set in a two-player game with complementarities, and totally ordered strategy spaces, is a …

Persistent link: https://www.econbiz.de/10005753391

A Short And Constructive Proof of Tarski's Fixed-Point Theorem

Echenique, Federico - EconWPA - 2003

I give short and constructive proofs of Tarski's fixed-point theorem, and of a much-used extension of Tarski's fixed-point theorem to set- valued maps.

Persistent link: https://www.econbiz.de/10005556744

A Compositional Statistical Analysis of Capital per Worker

Larrosa, Juan Manuel - EconWPA - 2003

Most of economic literature has presented its analysis under the assumption of homogeneous capital stock composition. However, capital composition differs across countries. What has been the pattern of capital composition associated with World economies? I make an exploratory statistical...

Persistent link: https://www.econbiz.de/10005561304

Public and Private Information in Monetary Policy Models

Shin, Hyun Song; Amato, Jeffery D. - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005132916

Institutional Complementarities within Corporate Governance Systems: A Comparative Study of Bankruptcy Rules

Pochet, Christine - In: Journal of Management and Governance 6 (2002) 4, pp. 343-381

Recent research work has put forward theconcept of “national system of corporate governance” to describe the complex architecture of legal rules, economic mechanisms and mentalities which constrain managerial discretion in a different way according to the country considered. The role played...

Persistent link: https://www.econbiz.de/10010989416