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Speed and Quality of Collective Decision-Making II: Incentives for Information Provision

Grüner, Hans Peter; Schulte, Elisabeth - C.E.P.R. Discussion Papers - 2004

studies the role of the hierarchy design for the speed and quality of a collective decision process. The hierarchy is … decentralization, however. We also compare three different hierarchy designs: two balanced hierarchies and the fastest (skip …-level) hierarchy, proposed by Radner. Skip-level reporting outperforms balanced hierarchies in terms of decision speed and in terms of …

Persistent link: https://www.econbiz.de/10005067513

Project Evaluation and Organizational Form

Gehrig, Thomas; Régibeau, Pierre; Rockett, Katharine - C.E.P.R. Discussion Papers - 1998

This paper analyses the impact of inequality on growth when technical progress is driven by innovations. It is assumed that consumers have hierarchic preferences. As a result inequality affects demand and therefore the incentive to innovate. Whether more inequality is harmful or beneficial for...

Persistent link: https://www.econbiz.de/10005662076

The Circulation of Ideas: Firms Versus Markets

Hellmann, Thomas F; Perotti, Enrico C - C.E.P.R. Discussion Papers - 2006

We describe new ideas as incomplete concepts for which the innovator needs feedback from agents with complementary skills. Once shared, ideas may be stolen. We compare how different contractual environments support invention and implementation. Markets, as open exchange systems, are good for...

Persistent link: https://www.econbiz.de/10005789111

Speed and Quality of Collective Decision-Making, I: Imperfect Information Processing

Grüner, Hans Peter; Schulte, Elisabeth - C.E.P.R. Discussion Papers - 2004

better one of two alternatives only with a certain probability. This Paper compares three different hierarchy designs with … respect to decision quality: two strictly balanced hierarchies and the fastest hierarchy, which is the skip-level reporting … tree proposed by Radner (1993). The latter hierarchy design is found to outperform the two others not only in terms of …

Persistent link: https://www.econbiz.de/10005123798

Information Technology, Efficient Restructuring and the Productivity Puzzle

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2007

Labour productivity in the US has recently grown more strongly than in most European countries. It is often argued that the American productivity increase is due to the widespread introduction of new information and communication technologies (ICT). But why have the same technologies not...

Persistent link: https://www.econbiz.de/10005124167

The Return to Knowledge Hierarchies

Garicano, Luis; Hubbard, Thomas - C.E.P.R. Discussion Papers - 2007

Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity and amplifies the impact of skill heterogeneity on earnings inequality. To quantify this effect, we analyze the earnings and organization of U.S. lawyers and use the equilibrium...

Persistent link: https://www.econbiz.de/10005136470

How Transition Paths Differ: Enterprise Performance in Russia and China

Bhaumik, Sumon Kumar; Estrin, Saul - C.E.P.R. Discussion Papers - 2005

We use enterprise data to analyse and contrast the determinants of enterprise performance in China and Russia. We find that in China, enterprise growth and efficiency is associated with rapid increases in factor inputs, but not correlated with ownership or institutional factors. However, in...

Persistent link: https://www.econbiz.de/10005504587

Who Integrates?

Bühler, Stefan; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2003

We examine vertical backward integration in oligopoly. Analysing a standard linear Cournot model, we find that for wide parameter ranges (i) some firms integrate, while others remain separated, and (ii) efficient firms are more likely to integrate vertically. Adopting a reduced-form approach, we...

Persistent link: https://www.econbiz.de/10005504590

Offshoring: General Equilibrium Effects on Wages, Production and Trade

Baldwin, Richard; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2007

A simple model of offshoring, which depicts offshoring as ‘shadow migration,’ permits straightforward derivation of necessary and sufficient conditions for the effects on wages, prices, production and trade. We show that offshoring requires modification of the four classic international...

Persistent link: https://www.econbiz.de/10005504595

Physical Capital, Knowledge Capital and the Choice Between FDI and Outsourcing

Chen, Yongmin; Horstmann, Ignatius J; Markusen, James R. - C.E.P.R. Discussion Papers - 2008

licensing when the ratio of knowledge capital to physical capital is high, or when market value is high relative to the book …

Persistent link: https://www.econbiz.de/10005504703