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The role of verifiability and privacy in the strategic provision of performance feedback: Theory and experimental evidence
Ertaç, Seda; Koçkesen, Levent; Özdemir, Duygu - 2015
We theoretically and experimentally analyze the role of verifiability and privacy in strategic performance feedback using a 'one principal-two agent' context with real effort. We confirm the theoretical prediction that information transmission occurs only in verifiable feedbackmechanisms and...
Persistent link: https://www.econbiz.de/10011440134
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Strategic feedback in teams: Theory and experimental evidence
Ertaç, Seda; Gümren, Mert; Koçkesen, Levent - 2017
' performances or strategically withhold feedback. We find that if team performance is determined by the best performer (the "best …-shot technology"), then both public and private feedback are better than no feedback unless the team is composed of all low performers …, in which case no feedback is best. If, on the other hand, team performance is determined by the worst performer (the …
Persistent link: https://www.econbiz.de/10012060196
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Quality Heterogeneity andGlobal Economic Growth
Dinopoulos, Elias; Unel, Bulent - Louisiana State University <Baton Rouge, La.> / E. J. … - 2009
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
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How Banks Construct and Manage Risk : A Sociological Study of Small Firm Lending in Britain and Germany
Quack, Sigrid - 2012
institutionalist approach to understand how banks construct and manage risk, relating to SME business. The empirical analysis is based …
Persistent link: https://www.econbiz.de/10013102832
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The Interaction Between Technology Adoption and TradeWhen Firms are Heterogeneous
Unel, Bulent - Louisiana State University <Baton Rouge, La.> / E. J. … - 2010
This paper develops a monopolistic competition model with heterogeneous firms tostudy the interaction between technology adoption and trade in a world of two countriesfacing different technology adoption costs. It shows that a reduction in the technologyadoption cost in one country increases the...
Persistent link: https://www.econbiz.de/10009302524
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Financing the capital development of the economy: A Keynes-Schumpeter-Minsky synthesis
Mazzucato, Mariana; Wray, Larry Randall - 2015
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10011545297
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Accumulation and Productivity Growth in Industrializing Economies
Robertson, Peter E.; Landon-Lane, John S. - 2003
Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing economies. To fix ideas we present an extension of...
Persistent link: https://www.econbiz.de/10010263207
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Industrialization, exports and the developmental state in Africa: The case for transformation
wa Githinji, Mwangi; Adesida, Olugbenga - 2011
This essay explores the role of the state in promoting exports and industrialization in the quest for transformation of African economies. It does this by exploring the role of trade in African economies followed by a brief look at the East Asian Developmental state. This is followed by an...
Persistent link: https://www.econbiz.de/10010287814
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R&D Heterogeneity and Its Implications for Growth
Galaasen, Sigurd Mølster; Irarrazabal, Alfonso - 2016
This paper quantifies the determinants of heterogeneity in R&D investment and its implications for growth. Using a panel of Norwegian manufacturing firms we document a negative correlation between R&D intensity and firm size, driven mainly by small firms with high R&D intensity. We estimate a...
Persistent link: https://www.econbiz.de/10012143893
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Price distributions and competition
Burdett, Kenneth; Smith, Eric - 2009
Considerable evidence demonstrates that significant dispersion exists in the prices charged for seemingly homogeneous goods. This paper adopts a simple, flexible equilibrium model of search to investigate the way the market structure influences price dispersion. Using the noisy search approach,...
Persistent link: https://www.econbiz.de/10010292268