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Athey, Susan; Avery, Christopher; Zemsky, Peter - 2021

This paper studies the forces which determine how diversity at a firm evolves over time. We consider a dynamic model o a single firm with two levels of employees, the entry level and the upper level. In each period, the firm selects a subset of the entry-level workers for promotion to the upper...

Persistent link: https://www.econbiz.de/10013235606

Affirmative Action in Hierarchies

Scotchmer, Suzanne - 2021

If promotion in a hierarchy is based on a random signal of ability, rates of promotion will be affected by risk …-taking. Further, the numbers and abilities of risk-takers and non-risk-takers will be different at each stage of the hierarchy, and …

Persistent link: https://www.econbiz.de/10013246300

On the Design of Hierarchies : Coordination Versus Specialization

Hart, Oliver; Moore, John - 2021

and others in specialization. Our theory throws light on the nature of hierarchy, the optimal degree of decentralization …

Persistent link: https://www.econbiz.de/10013213065

Risk Taking and Gender in Hierarchies

Scotchmer, Suzanne - 2022

In a labor market hierarchy, promotions are affected by the noisiness of information about the candidates. I study the … higher survival rate. Further, even if more risk takers than non risk takers are promoted in the beginning of the hierarchy …

Persistent link: https://www.econbiz.de/10013309243

The Economics of Conflicts of Interest in Financial Institutions

Mehran, Hamid - 2010

A conflict of interest exists when a party to a transaction could potentially make a gain from taking actions that are …

Persistent link: https://www.econbiz.de/10012760536

Mediating Conflict in the Lab

Casella, Alessandra; Friedman, Evan; Perez Archila, Manuel - 2022

the theory in a lab experiment where two subjects negotiate how to share a resource; in case of conflict, the subjects … receiving the mediator's recommendations. We find that, in line with the theory, messages are significantly more sincere when … sent to the mediator. However, contrary to the theory, peaceful resolution is not more frequent, even when the mediator is …

Persistent link: https://www.econbiz.de/10014090443

Ownership Concentration and Strategic Supply Reduction

Doraszelski, Ulrich - 2017

We explore the implications of ownership concentration for the recently-concluded incentive auction that re-purposed spectrum from broadcast TV to mobile broadband usage in the U.S. We document significant multi-license ownership of TV stations. We show that in the reverse auction, in which TV...

Persistent link: https://www.econbiz.de/10012965439

The Macroeconomics of Specificity

Caballero, Ricardo J.; Hammour, Mohamad L. - 2021

Specific quasi-rents build up in a wide variety of economic relationships, and are exposed to opportunism unless fully protected by contract. The recognition that such contracts are often incomplete has yielded major insights into the organization of microeconomic exchange. Rent appropriation,...

Persistent link: https://www.econbiz.de/10013237014

Kleptocracy and Divide-and-Rule : A Model of Personal Rule

Acemoglu, Daron; Robinson, James Alan; Verdier, Thierry - 2021

Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...

Persistent link: https://www.econbiz.de/10013240570

Optimal Taxation with Rent-Seeking

Rothschild, Casey G. - 2011

Recent policy proposals have suggested taxing top incomes at very high rates on the grounds that some or all of the highest wage earners are engaged in socially unproductive or counterproductive activities, such as externality imposing speculation in the financial sector. To address this, we...

Persistent link: https://www.econbiz.de/10013125562