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| Registros recuperados: 14 | |
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| Dubois, Pierre; Vukina, Tomislav. |
| The objective of this paper is to develop an analytical framework for estimation of the parameters of a structural model of an incentive contract under moral hazard, taking into account agents heterogeneity in preferences. We show that allowing the principal to strategically distribute the production inputs across heterogenous agents as part of the contract design, the principal is able to change what appears to be a uniform contract into individualized contracts tailored to fit agents' preferences or characteristics. Using micro level data on swine production contract settlements, we find that contracting farmers are heterogenous with respect to their risk aversion and that this heterogeneity affects the principal's allocation of production inputs across... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agency Contracts; Optimal Incentives; Moral Hazard; Risk Aversion; Heterogeneity; Production Economics; D82; L24; Q12; K32; L51. |
| Ano: 2006 |
URL: http://purl.umn.edu/25568 |
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| Antonietti, Roberto; Antonioli, Davide. |
| This work explores the effects of cross-border relocation of production on the skill composition of Italian manufacturing firms. Its aim is to assess if the firms strategy to offshore production activities towards cheap labor countries determines a bias in the relative employment of skilled versus unskilled workers. Using a balanced panel of firm-based data across the period 1995-2003, we test this skill-bias hypothesis by means of a counterfactual experiment in which we employ a difference-in-differences propensity score matching estimator in order to control for selectivity bias without relying on a specific functional form of the relations of interest. In line with the literature, our results point to confirm a general, although weak, skill bias effect... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Production Offshoring; Skill Bias; Difference-in-Differences; Propensity; Labor and Human Capital; J24; F16; L24. |
| Ano: 2007 |
URL: http://purl.umn.edu/7436 |
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| Rossini, Gianpaolo; Vergari, Cecilia. |
| In many industries it is quite common to observe firms delegating the production of essential inputs to independent ventures jointly established with competing rivals. The diffusion of this arrangement and the favourable stance of competition authorities call for the assessment of the social and private desirability of Input Production Joint Ventures (IPJV), which represent a form of input production cooperation, not investigated so far. IPJV can be seen as an intermediate organizational setting lying between the two extremes of vertical integration and vertical separation. Our investigation is based on an oligopoly model with horizontally differentiated goods. We characterize the conditions under which IPJV is privately optimal finding that firms’... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Input Production Joint Venture; Horizontal Differentiation; Oligopoly; Production Economics; L24; L42. |
| Ano: 2009 |
URL: http://purl.umn.edu/55288 |
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| Michele, Moretto; Gianpaolo, Rossini. |
| The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose, we go through the selection of the optimal degree of vertical disintegration of a flexible firm which operates in a dynamic uncertain environment. The enterprise we model enjoys flexibility since it can switch from a certain amount of disintegration to vertical integration and viceversa. This means that the firm never loses vertical control, i.e., the ability to produce all inputs even when it buys them in the market. This sort of flexibility makes for results which are somehow contrary to the Industrial Organization recent literature and closer to the Operations Research results. In this sense we provide a bridge between the two approaches... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Vertical Integration; Outsourcing; Entry; Flexibility; L24; G 31; C61. |
| Ano: 2008 |
URL: http://purl.umn.edu/36759 |
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| Sarr, Mare; Swanson, Timothy. |
| An important issue in the life sciences industries concerns the nature of the incentive mechanism that should govern the production of innovation within this R&D sector. We look at the specific problem of coordinating the supply of inputs across very different agents - North and South - that must each supply inputs in order to generate innovations from the industry. The current arrangement in this industry provides for a single property right at “end of the pipeline”, i.e. where marketing of the innovation occurs. This property rights scenario raises two problems, one of efficiency and one of equity. The key question asked here pertains to the number and placement of property rights that should be instituted to address this property rights failure.... |
| Tipo: Working Paper |
Palavras-chave: Biodiversity Prospecting; Traditional Knowledge; Genetic Resources; Intellectual Property Rights; Sequential R&D; Production Economics; Q56; O34; L24. |
| Ano: 2011 |
URL: http://purl.umn.edu/119101 |
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| Antonietti, Roberto; Cainelli, Giulio. |
| Aim of this paper is to explore the main drivers of outsourcing of knowledge intensive business services by Italian manufacturing firms. While anecdotal and empirical evidence has emphasized labour cost and scale economies as behind firms choices to outsource production or service activities, here we focus on spatial agglomeration and technology as important factors. Using microeconomic data on a repeated cross-section of Italian manufacturing firms for the period 1998-2003, we develop a two-stage model in order to avoid selection bias: first, we estimate the determinants of the firm's decision to outsource business-related services; second, we estimate the main factors underlying the intensity and complexity of KIBS outsourcing, expressed by the number... |
| Tipo: Working or Discussion Paper |
Palavras-chave: KIBS; Service Outsourcing; R&D; ICT; Spatial Agglomeration; Labor and Human Capital; L24; L84; R32; R12. |
| Ano: 2007 |
URL: http://purl.umn.edu/8221 |
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| Registros recuperados: 14 | |
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