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The role of managerial work in market performance : a monopoly model with team production

Hildenbrand, Andreas; Duran, Mihael - 2013

A monopolist is treated as a nexus of contracts with team production. It has one ownermanager. The owner-manager is the employer of two employees. A team production problem is present if the employer is a "managerial lemon". If the team production problem is solved, the employer is a "managerial...

Persistent link: https://www.econbiz.de/10010223041

The choice of institutions to solve cooperation problems : a survey of experimental research

Dannenberg, Astrid; Gallier, Carlo - 2019

A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising in prisoners' dilemmas, public goods games, and common pool resource games. Participants in these experiments have the opportunity to influence the rules of the game before they...

Persistent link: https://www.econbiz.de/10012010446

Firm Selection and the Role of Union Heterogeneity

De Pinto, Marco; Michaelis, Jochen - 2017

Empirical evidence suggests that high-productivity firms face stronger trade unions than low-productivity firms. Then a policy that puts all unions into a better bargaining position is no longer neutral for firm selection as in models with a uniform bargaining strength across firms. Using a...

Persistent link: https://www.econbiz.de/10011758385

The labor market effects of trade union heterogeneity

De Pinto, Marco; Michaelis, Jochen - 2018

Empirical evidence suggests that the bargaining power of trade unions differs across firms and sectors. Standard models of unionization ignore this pattern by assuming a uniform bargaining strength. In this paper, we incorporate union heterogeneity into a Melitz (2003) type model. Union...

Persistent link: https://www.econbiz.de/10011879328

Wage and (un-)employment effects of an ageing workforce

Michaelis, Jochen; Debus, Martin - 2009

In almost all Western economies the median age of the workforce is increasing due to demographic factors. Given the empirical fact that workers of different ages are not perfect substitutes in production, this paper explores how change in the age pattern affects wages and (un)employment. We...

Persistent link: https://www.econbiz.de/10003852231

International trade and unemployment : the worker-selection effect

Pinto, Marco de; Michaelis, Jochen - 2011

This paper analyzes how trade liberalization influences the unemployment rate of workers with different abilities. We refine the Melitz (2003) framework to account for trade unions and heterogeneous workers, who differ with respect to their abilities. Our main findings are: (i) highability...

Persistent link: https://www.econbiz.de/10009231376

Directed technical change and energy intensity dynamics : structural change vs. energy efficiency

Haas, Christian; Kempa, Karol - 2016

This paper uses a theoretical model with Directed Technical Change to analyse the observed heterogeneous energy intensity developments. Based on the empirical evidence on the underlying drivers of energy intensity developments, we decompose changes in aggregate energy intensity into structural...

Persistent link: https://www.econbiz.de/10011431041

Innovation in clean coal technologies : empirical evidence from firm-level patent data

Kruse, Jürgen; Wetzel, Heike - 2016

This article empirically analyzes supply-side and demand-side factors expected to a.ect innovation in clean coal technologies. Patent data from 93 national and international patent offices is used to construct new firm-level panel data on 3,648 clean coal innovators over the time period 1978 to...

Persistent link: https://www.econbiz.de/10011442314

The impact of market innovations on the evolution of norms : the sustainability case

Müller, Stephan; Wangenheim, Georg von - 2014

That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...

Persistent link: https://www.econbiz.de/10010350951

Individual performance after success and failure : a natural experiment

Bühren, Christoph; Krabel, Stefan - 2015

performance. Our study is based on evidence from a natural experiment of NBA (National Basketball Association) players: Based on … to their 4th quarter performance as well as compared to their game and season averages. Yet the average performances in … situations leads to lower subsequent individual performance. Psychological explanations for this phenomenon, e.g. the role of …

Persistent link: https://www.econbiz.de/10010472514