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Social Investments, Informal Risk Sharing, and Inequality

Ambrus, Attila; Chandrasekhar, Arun G.; Elliott, Matt - National Bureau of Economic Research (NBER) - 2014

underinvestment across group. We find a novel tradeoff between efficiency and equality. Both within and across groups, inefficiencies …

Persistent link: https://www.econbiz.de/10010960431

Is There an Energy Efficiency Gap?

Greenstone, Michael; Allcott, Hunt - National Bureau of Economic Research (NBER) - 2012

-experimental techniques to estimate the returns to energy efficiency investments and the welfare effects of energy efficiency programs. …Many analysts have argued that energy efficiency investments offer an enormous "win-win" opportunity to both reduce … imperfect information that cause consumers and firms not to exploit privately-profitable energy efficiency investments. The …

Persistent link: https://www.econbiz.de/10009421971

How Much is Social Capital Worth?

Helliwell, John F.; Barrington-Leigh, Christopher P. - National Bureau of Economic Research (NBER) - 2010

This paper uses data from global and Canadian surveys data to estimate the powerful linkages between social connections, their related social identities, and subjective well-being. Our explanatory variables include several measures of the extent and frequency of use of social networks, combined...

Persistent link: https://www.econbiz.de/10008601695

Structuring Incentives Within Organizations: The Case of Accountable Care Organizations

Rebitzer, James B.; Frandsen, Brigham - National Bureau of Economic Research (NBER) - 2014

efficient, integrated care delivery. To promote efficiency, ACOs sign contracts under which they keep a fraction of the savings … extremely large efficiency gains. This implies that successful ACOs will likely rely on motivational strategies that amplify the …

Persistent link: https://www.econbiz.de/10010759906

Contractibility and the Design of Research Agreements

Lerner, Josh; Malmendier, Ulrike - National Bureau of Economic Research (NBER) - 2005

We analyze how variations in contractibility affect the design of contracts in the context of biotechnology research agreements. A major concern of firms financing biotechnology research is that the R&D firms might use the funding to subsidize other projects or substitute one project for...

Persistent link: https://www.econbiz.de/10005580417

Outsourcing when Investments are Specific and Complementary

Van Biesebroeck, Johannes; Lileeva, Alla - National Bureau of Economic Research (NBER) - 2008

Using the universe of large Canadian manufacturing firms in 1988 and 1996, we investigate to what extent outsourcing decision can be explained by a simple property rights model. The unique availability of disaggregate information on outputs as well as inputs permits the construction of a very...

Persistent link: https://www.econbiz.de/10005778092

Bidding for Incomplete Contracts: An Empirical Analysis

Bajari, Patrick; Houghton, Stephanie; Tadelis, Steve - National Bureau of Economic Research (NBER) - 2006

Procurement contracts are often incomplete because the initial plans and specifications are changed and refined after the contract is awarded to the lowest bidder. This results in a final cost to the buyer that differs from the low bid, and may also involve significant adaptation and...

Persistent link: https://www.econbiz.de/10005778736

Competition and the Ratchet Effect

Charness, Gary; Kuhn, Peter; Villeval, Marie Claire - National Bureau of Economic Research (NBER) - 2010

In labor markets, the ratchet effect refers to a situation where workers subject to performance pay choose to restrict their output, because they rationally anticipate that firms will respond to higher output levels by raising output requirements or cutting pay. We model this effect as a...

Persistent link: https://www.econbiz.de/10008534200

Vertical Integration and Market Structure

Bresnahan, Timothy; Levin, Jonathan - National Bureau of Economic Research (NBER) - 2012

Contractual theories of vertical integration derive firm boundaries as an efficient response to market transaction costs. These theories predict a relationship between underlying features of transactions and observed integration decisions. There has been some progress in testing these...

Persistent link: https://www.econbiz.de/10009652759

Social Structure and Institutional Design: Evidence from a Lab Experiment in the Field

Breza, Emily; Chandrasekhar, Arun G.; Larreguy, Horacio - National Bureau of Economic Research (NBER) - 2014

examine whether network centrality of the third party increases efficiency of interaction. Furthermore, we decompose the … efficiency increase into a monitoring channel (central third parties are valuable since they may influence reputations) and an … 75th percentile of the centrality distribution (as compared to the 25th) increases efficiency by 21% relative to the mean …

Persistent link: https://www.econbiz.de/10010821816