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When a multi-plant firm must close one unit due to declining demand it can choose between two alternatives. On the one hand, the firm can announce a certain span of time in which the plants are evaluated according to relative performance with the least performing plant being shut down in the end...
Persistent link: https://www.econbiz.de/10010269831
empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should …Auctions are a popular way to raise money for charities, but relatively little is known, either theoretically or … garner more money than winner-pay auctions. We conduct field experiments to test which sealed bid format, first price, second …
Persistent link: https://www.econbiz.de/10010271934
that never yield an efficient allocation. Moreover, our results extend the efficiency of auction mechanisms to an …
Persistent link: https://www.econbiz.de/10010261761
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/10010265613
of standard moral hazard models. We show experimentally that complementarities between high effort discretion, rent …
Persistent link: https://www.econbiz.de/10010269521
protection, union bargaining power and (de)centralisation of bargaining. We argue that complementarities between LMI can be …
Persistent link: https://www.econbiz.de/10010270412
complementarities in skill and capital. Nevertheless, we find no supporting evidence of human capital wage spillovers implied by the … complementarities story. Unemployment of the least-skilled workers appears lower in areas with a higher share of college-educated labor …
Persistent link: https://www.econbiz.de/10010274345
's Unified Targeting system, an innovation developed to reduce targeting errors and increase program complementarities … for program complementarities is greater in magnitude than the benefits of receiving a single program. …
Persistent link: https://www.econbiz.de/10011744680
Informed by the psychological literature and our empirical evidence we provide new insights into the technology of socio-emotional skill formation in middle childhood. In line with economic evidence, increasing parental inputs that enrich the child home environment and reduce stress has larger...
Persistent link: https://www.econbiz.de/10012059162
Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on Italy, and leverage employer-employee data matched to firm balance sheets and hand-collected wage floors. We find a relatively larger pass-through of firm-specific labor-demand...
Persistent link: https://www.econbiz.de/10012882519