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Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years On

MacLeod, W. Bentley; Malcomson, James - 2023

"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...

Persistent link: https://www.econbiz.de/10014296625

Delegation of Authority as an Optimal (In)complete Contract

Roider, Andreas - 2004

consider a hold-up framework where both parties profit from an investment that raises the value of an asset. Delegation turns …) decisions have no investment-independent effect. If overinvestment might be an issue, delegation, however, with restricted …

Persistent link: https://www.econbiz.de/10010262045

Delegation of Authority as an Optimal (In)complete Contract

Roider, Andreas - Institute for the Study of Labor (IZA) - 2004

Persistent link: https://www.econbiz.de/10005566762

Outsourcing and technological change

Bartel, Ann; Lach, Saul; Sicherman, Nachum - 2009

suppliers, who can afford to use the latest technology, becomes relatively cheaper. The predictions of the model are tested …

Persistent link: https://www.econbiz.de/10010269467

Outsourcing and Technological Change

Bartel, Ann P.; Lach, Saul; Sicherman, Nachum - Institute for the Study of Labor (IZA) - 2009

suppliers, who can afford to use the latest technology, becomes relatively cheaper. The predictions of the model are tested …

Persistent link: https://www.econbiz.de/10008496996

Intangible Investment and Technical Efficiency: The Case of Software-Intensive Manufacturing Firms in Turkey

Findik, Derya; Tansel, Aysit - 2015

technology firms, the effect of the software investment is smaller than the effect of research and development personnel …This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … based on the technology group. High technology and low technology firms are estimated separately in order to reveal …

Persistent link: https://www.econbiz.de/10011307465

A Theory of Intra-Firm Group Design

Tumen, Semih - 2015

I develop an intra-firm theory of group design and teamwork in the presence of peer effects. The purpose is to understand the interlinkages between intra-firm group formation and the extent of wage dispersion within the firm. Given a set of heterogeneous workers, the manager faces the challenge...

Persistent link: https://www.econbiz.de/10011401742

Mutual Gains? Is There a Role for Employee Engagement in the Modern Workplace?

Bryson, Alex - 2017

I examine the history of employee engagement and how it has been characterised by thinkers in sociology, psychology, management and economics. I suggest that, while employers may choose to invest in employee engagement, there are alternative management strategies that may be profit-maximising. I...

Persistent link: https://www.econbiz.de/10011786962

Time Is on My Side: Relational Contracts and Aggregate Welfare

Kukharskyy, Bohdan; Pflüger, Michael P. - 2018

This paper develops a simple general equilibrium model which establishes a link between the patience of economic agents and the well-being of nations. We show that firms in long-term oriented countries can mitigate hold-up inefficiencies by engaging with their suppliers in relational contracting...

Persistent link: https://www.econbiz.de/10011816659

"Make-or-buy" of peripheral services in manufacturing: Evidence from Spanish plant-level data

Bayo-Moriones, Alberto; Galdón-Sánchez, José Enrique; … - 2013

In this paper we empirically explore the make-or-buy decisions of peripheral services in manufacturing plants using detailed information on a data set from a new plant-level survey from 926 plants distributed in all manufacturing industries in Spain. In particular, survey respondents are asked...

Persistent link: https://www.econbiz.de/10010291328