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This paper explores the economic effects of imperfect meritocracy in recruitment and career advancement. We compare two career promotion mechanisms: a fully meritocratic system and a "noisy" one, that allows less productive workers to advance. Our model shows that imperfect meritocracy in...
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This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high … technical efficiency in the software intensive manufacturing firms in Turkey for the period 2003-2007. Firms are classified …
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indirect indicator of privatization efficiency that significantly influences GDP in Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan …
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