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The Hold-Down Problem and the Boundaries of the Firm: Lessons from a Hidden Action Model with Endogenous Outside Option
Schnedler, Wendelin; Sunde, Uwe - 2002
This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...
Persistent link: https://www.econbiz.de/10010262786
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Political preferences and public sector outsourcing
Elinder, Mikael; Jordahl, Henrik - 2012
using a Swedish data set in which outsourcing varies between municipalities and over time, as well as between services. Our …, it is somewhat surprising that many social scientists have preferred to explain government outsourcing by the pursuit of … economic efficiency. Starting out from different theories, we investigate political explanations of government outsourcing …
Persistent link: https://www.econbiz.de/10010287703
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Political Preferences and Public Sector Outsourcing
Elinder, Mikael; Jordahl, Henrik - Institute for the Study of Labor (IZA) - 2012
using a Swedish data set in which outsourcing varies between municipalities and over time, as well as between services. Our …, it is somewhat surprising that many social scientists have preferred to explain government outsourcing by the pursuit of … economic efficiency. Starting out from different theories, we investigate political explanations of government outsourcing …
Persistent link: https://www.econbiz.de/10010695872
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The Hold-Down Problem and the Boundaries of the Firm: Lessons from a Hidden Action Model with Endogenous Outside Option
Schnedler, Wendelin; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2002
This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...
Persistent link: https://www.econbiz.de/10005703716
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Outsourcing Public Services: Contractibility, Cost, and Quality
Andersson, Fredrik; Jordahl, Henrik; Josephson, Jens - 2019
We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete … contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and … magnitude of their contractibility problems. The empirical studies point at rather favourable outsourcing outcomes, in terms of …
Persistent link: https://www.econbiz.de/10012059131
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Incentives in the public sector: Evidence from a government agency
Burgess, Simon; Propper, Carol; Ratto, Marisa; Tominey, Emma - 2012
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot scheme of incentives in a major government agency. The incentive scheme was based on teams and covered quantity and quality targets, measured with varying degrees of precision. We...
Persistent link: https://www.econbiz.de/10010287691
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Incentives in Tournaments with Endogenous Prize Selection
Harbring, Christine; Irlenbusch, Bernd - 2004
Tournament incentive schemes offer payments dependent on relative performance and thereby are intended to motivate agents to exert productive effort. Unfortunately, however, an agent may also be tempted to destroy the production of his competitors in order to improve the own relative position....
Persistent link: https://www.econbiz.de/10010262080
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On the organizational structure of multinational firms: Which sourcing mode for which input?
Suedekum, Jens; Nowak, Verena; Schwarz, Christian - 2012
organizational decision is driven by two countervailing effects: the ownership rights effect favors outsourcing, while the indirect … outsourcing of the less important supplier is chosen in equilibrium. We also consider an open economy setup where the producer …
Persistent link: https://www.econbiz.de/10010282160
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The distributional impact of public services when needs differ
Aaberge, Rolf; Bhuller, Manudeep; Langørgen, Audun; … - 2010
theory-based framework designed to provide a coherent evaluation of the distributional impact of local public services. The …
Persistent link: https://www.econbiz.de/10010269774
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The Distributional Impact of Public Services When Needs Differ
Aaberge, Rolf; Bhuller, Manudeep Singh; Langørgen, Audun; … - Institute for the Study of Labor (IZA) - 2010
theory-based framework designed to provide a coherent evaluation of the distributional impact of local public services. The …
Persistent link: https://www.econbiz.de/10008529135