examines the impact of coordination costs on firms’ diversification strategies. A synergistic view of diversification suggests … effects of synergies and coordination costs, and offers a unique explanation for the limit to related diversification. Study …This dissertation views firms as systems of interdependent activities and investigates the role of coordination costs …

This paper presents the findings of the most comprehensive program of study to date aimed at quantifying the number …, size distribution and evaporation of droplets produced during virtually any expiratory activity. This international … research program included teams of investigators from a number of universities, with each group contributing to essential …

determine whether the data satisfies the Law of Proportionate Effect (LPE) using panel unit root tests. We find that the size-growth … lends towards LPE acceptance. Thus, our study corroborates the conditioned nature of the size-growth relationship and the …This paper investigates the size distribution of the whole population of Spanish commercial, savings and cooperative …

We develop a tractable framework for the analysis of the relationship between contractual incompleteness, technological … by suppliers of intermediate inputs. Suppliers then choose investments in noncontractible activities, anticipating … payoffs from an ex post bargaining game. We show that greater contractual incompleteness leads to the adoption of less …

University of Minnesota Ph.D. dissertation. December 2009. Major: Economics. Advisor: Patrick L. Bajari. 1 computer …The first essay quantifies and compares the impact of contractual incompleteness on subcontracting and in … projects procured by the California Department of Transportation through competitive bidding. I use ex-post revisions to work …

This paper presents a model of the joint venture that is grounded in the stylized facts we found from a sample of 200 … joint venture contracts. The model incorporates the revenue-sharing contract into the incomplete contract frameworks of … Grossman-Hart-Moore Property Rights Theory and the Transaction Cost Theory of the firm, and emphasizes the impact of …

We study the location-specific component in research productivity of economics and finance faculty who have ever been … affiliated with the top 25 universities in the last three decades. We find that there was a positive effect of being affiliated … university fixed effect and find that its decline is due to the reduced importance of physical access to productive research …

generate dead weight loss whenmaximizing producer surpluses as expected under prevailing microeconomic theory. Theuse of … cardinal payoff values rather than ordinal is important because it permitsaggregation of payoffs within the model, and because …. However, weaknesses of the cooperative model arealso discussed, conjecturing that cooperatives may be preferable to investor …

This paper incorporates hierarchical structure into the neoclassical theory of the firm. Firms are hierarchical in two … respects: the organization of workers in production and the wage structure. The firm's hierarchy is represented as a sector of … a circle, where the radius represents the hierarchy's height, the width of the sector represents the breadth of the …