Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10001397006
Persistent link: https://www.econbiz.de/10001633616
We compare welfare effects of tournaments and piece rates in contracts with heterogeneous ability agents and demonstrate that tournaments that mix players of unequal abilities create league composition effect. When leagues are fixed and the time horizon sufficiently long, piece rates improve...
Persistent link: https://www.econbiz.de/10014112726
In this paper we study the productivity-survival link in the U.S. poultry processing industry using the longitudinal data constructed from five Censuses of Manufactures between 1987 and 2007. First, we study the effects of physical productivity and demand-specific factors on plant survival and...
Persistent link: https://www.econbiz.de/10013018611
The objective of this paper is to test whether broiler processors, after observing their contract growers' abilities in the sequences of repeated short-term contracts, strategically allocate production inputs of varying quality. The strategy can either consist of providing high ability agents...
Persistent link: https://www.econbiz.de/10014070272
In this article we look for empirical evidence of hold-up in broiler industry production contracts by using the cross-sectional national survey of broiler growers. First, we focus on the problem of under-investment and hypothesize that the degree of agent's (grower's) under-investment...
Persistent link: https://www.econbiz.de/10014056874
In this article we propose and solve a game-theoretic model of a rank-order tournament with private information. Using the contract settlement data from a poultry company, we estimate a fully structural model of a symmetric Nash equilibrium of this game. We show that growers' equilibrium effort...
Persistent link: https://www.econbiz.de/10014225353