Search Results - subject:"hierarchies."

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Monitoring Subcontracting in a Suppliers` Hierachy

Cella, Michela - Department of Economics, Oxford University - 2005

In this paper we study the delegation of a production process in a three-tier hierarchy. The principal contracts directly only with the supplier that produces the first input leaving him in charge of the contract for the production of the second input. We allow the principal to costlessly...

Persistent link: https://www.econbiz.de/10005090666

Competitive Pressure, Incentives and Managerial Rewards

D'Amato, Marcello; Martina, Riccardo; Piccolo, Salvatore - Centro Studi di Economia e Finanza (CSEF) - 2005

The paper examines the equilibrium relationship between managerial incentives and product market competition in imperfectly competitive industries. In a simple managerial economy, where owners simultaneously choose reward schemes and managers are privately informed on firms. production...

Persistent link: https://www.econbiz.de/10005802070

SELECTION AND EFFICIENCY IN HIERARCHICAL SOCIAL SYSTEMS

Martínez, José A. García - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

We examine the influence that the degree of stringency in the promotion processes of hierarchical systems has on the outcome of such selections at both the local and global level. We show that any change in the degree of stringency, whether an increase or a decrease, could cause counterintuitive...

Persistent link: https://www.econbiz.de/10005731414

The Firm as the Locus of Social Comparisons: Internal Labor Markets versus Up-or-out

Auriol, Emmanuelle; Friebel, Guido; Lammers, Frauke - C.E.P.R. Discussion Papers - 2012

hierarchies: (i) internal labor markets, in which agents have a job guarantee, and (ii) 'up-or-out', in which agents are fired …

Persistent link: https://www.econbiz.de/10011083868

The influence relation for ternary voting games

Parker, Cameron - In: Games and Economic Behavior 75 (2012) 2, pp. 867-881

Although simple games are very useful in modeling decision-making bodies, they allow each voter only two choices: to support or oppose a measure. This restriction ignores that voters often can abstain from voting, which is effectively different from the other two options. Following the approach...

Persistent link: https://www.econbiz.de/10010577251

Reprint of development, agglomeration, and the organization of work

Fafchamps, Marcel - In: Regional Science and Urban Economics 42 (2012) 5, pp. 765-778

This paper discusses how the mechanisms that allocate workers to tasks vary systematically with isolation from markets and hence with distance from urban centers. This in turn affects social norms, household structure, and the perceived benefits of migration. The relevance of the framework is...

Persistent link: https://www.econbiz.de/10010588330

Learning about the nature of production from equilibrium assignment patterns

Garicano, Luis; Hubbard, Thomas N. - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 136-153

This paper exploits empirically a key insight from Lucas (1978) and Rosen (1982): that the organization of production and the distribution of earnings across individuals are jointly determined by the equilibrium assignment of individuals to firms and hierarchical positions. We study how...

Persistent link: https://www.econbiz.de/10010594611

Hierarchical information and the rate of information diffusion

Xue, Yi; Gençay, Ramazan - In: Journal of Economic Dynamics and Control 36 (2012) 9, pp. 1372-1401

increasing number of information hierarchies among informed competitive traders leads to a slower information diffusion rate and … traders in the presence of information hierarchies. The empirical investigation using transaction data on China's equity … market supports that the information hierarchies decrease the speed of price discovery. …

Persistent link: https://www.econbiz.de/10010599359

Development, agglomeration, and the organization of work

Fafchamps, Marcel - In: Regional Science and Urban Economics 42 (2012) 3, pp. 459-472

Persistent link: https://www.econbiz.de/10010574113

Axiomatizations of a positional power score and measure for hierarchies

Brink, René; Steffen, Frank - In: Public Choice 151 (2012) 3, pp. 757-787

Persistent link: https://www.econbiz.de/10009401780