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The relationship between executive pay and corporate financial performance con-tinues to attract wide academic, media and policy attention. The very high salariesenjoyed by senior executives in corporations primarily in the North American coun-tries are often contrasted with the relatively low...
Persistent link: https://www.econbiz.de/10005843655
Corporate scandals are reflected in excessive top management compensation and fraudulent accounts. …
Persistent link: https://www.econbiz.de/10005844494
Taking location as given, we study imperfect competition on a circular city. In Bertrandoligopoly, we identify price …
Persistent link: https://www.econbiz.de/10009360866
When adjustment costs are present, cyclical preference and technology heterogeneities in aproduct’s markets induce cycles in production. We exploit cyclic and dihedral groupinvariances in an industry’s cost technology to describe these patterns. We show whenequilibrium cyclical pricing and...
Persistent link: https://www.econbiz.de/10009360903
This paper presents a framework to analyze the potential changes in transaction costs due to theintroduction of e-commerce on transactions between businesses. It then illustrates and applies thisframework using internal data from an Internet-based firm to measure process improvements,marketplace...
Persistent link: https://www.econbiz.de/10008860703
Did breakthroughs in core processes during the Industrial Revolution tend to generate furtherinnovations in downstream technologies? Here a theoretical model examines the effect of apolitical shock on a non-innovating society in which there is high potential willingness tocooperate. The result...
Persistent link: https://www.econbiz.de/10009138628
This paper develops a fully-endogenous, variety-expansion growth model with firm-specific quality heterogeneity, limit pricing, and an endogenous distribution of markups.Trade induces only firms with high-quality products to export, whereas firms with low-quality products serve only the domestic...
Persistent link: https://www.econbiz.de/10009302529
We review a large body of literature dealing with the effects of Foreign Direct Investment(FDI) on economies during their transformation from a command economic systemtoward a market system. We report the results of a meta-analysis based on the literatureon externalities from FDI. The studies on...
Persistent link: https://www.econbiz.de/10009360490
, measured by labour productivity. To this end, the stochastic frontiertechnique is applied, basing the analysis on a unique … results of this study suggest that – if the aim is to leverage companies’productivity – emphasis should be put on supporting … lowtechsector turns out to have a minor effect. Instead, encouraging investment in fixed assetsappears vital for the productivity of …
Persistent link: https://www.econbiz.de/10009360610
patents naturally creates market power positions and raisesdifficult and unresolved competition issues in an antitrust context.[...] …
Persistent link: https://www.econbiz.de/10009360717