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This paper presents a critical overview of some recent attempts at building formal models of organizations as information-processing and problem-solving entities. We distinguish between two classes of models according to two distinct objects of analysis. The first class includes models mainly...
Persistent link: https://www.econbiz.de/10014042720
By including the effects of learning over time on both the production of components and their integration into complete products, we develop an engineering-based model of outsourcing. This model provides an alternative explanation for much of what other outsourcing theories predict, as well as...
Persistent link: https://www.econbiz.de/10013119851
Various disciplines increasingly are discovering the power of learning. However, the potential and the complexities of learning theory in decision making contexts have so far been neglected by scholarship in Law and Economics as well as Behavioral Law and Economics: either learning is...
Persistent link: https://www.econbiz.de/10012934826
A corporation's offshore outsourcing may be seen as the result of a discrete, strategic decision taken in response to an increasing pressure from worldwide competition. However, empirical evidence of a representative cross-sector sample of international Danish firms indicates that offshore...
Persistent link: https://www.econbiz.de/10014051188
We consider a bandit problem faced by a team of two heterogeneous players. The team is hierarchical in that one (the principal) retains the exclusive right to terminate the project while the other (the agent) focuses strictly on implementing the project assigned to him. As a key departure, we...
Persistent link: https://www.econbiz.de/10011343543
We analyze a class of coordination games in which the Kth player to submit an entry wins a contest. These games have an infinite number of symmetric equilibria and the set of equilibria does not change with K. We run experiments with 15 participants and with K=3, 7, and 11. Our experiments show...
Persistent link: https://www.econbiz.de/10014173267
. Our application is to the hotel market, where we combine two datasets: consumers' web browsing histories, and hotel prices … competition: hotels that are close to new entrants lose the most market share post-entry. We take a more structural approach to …
Persistent link: https://www.econbiz.de/10013225637
This paper analyzes the optimal investment strategy of two firms confronted with the option to adopt a new technology. I add two key features: location and learning. A firm gains relative advantage entirely due to its geographic placement - this is the location benefit. Firms also learn from the...
Persistent link: https://www.econbiz.de/10013072113
examines five distinct markets through which knowledge can be exchanged: the market for codified knowledge (licensing), the … market for tacit knowledge (alliances), the market for encapsulated knowledge (sale/purchase of sophisticated products), the … market for workers' knowledge (labor mobility), and the market for firm-wide knowledge or capabilities (mergers and …
Persistent link: https://www.econbiz.de/10012052420
A growing literature points to the effectiveness of leveraging social interactions and nudges to spur adoption of pro-social behaviors. This study investigates a large-scale behavioral intervention designed to actively leverage social learning and peer interactions to encourage adoption of...
Persistent link: https://www.econbiz.de/10012846292