Corporate Governance over the Business Cycle
... appropriate scale of operation for their firms (for instance because they over-estimate their own productivity), or that they literally have empire building preferences. On the other hand, τ ∗ will capture the standard managerial perks (private jets,..) as well as outright stealing and excessive com ...
... appropriate scale of operation for their firms (for instance because they over-estimate their own productivity), or that they literally have empire building preferences. On the other hand, τ ∗ will capture the standard managerial perks (private jets,..) as well as outright stealing and excessive com ...
NBER WORKING PAPER SERIES DISTANCE TO FRONTIER, SELECTION, AND ECONOMIC GROWTH
... At the other extreme, we can think of the process of innovation-based growth, where the selection of successful managers and firms, as well as a variety of other innovationtype activities, are more important. Many view the current U.S. economy, with its market-based financing, important role for ven ...
... At the other extreme, we can think of the process of innovation-based growth, where the selection of successful managers and firms, as well as a variety of other innovationtype activities, are more important. Many view the current U.S. economy, with its market-based financing, important role for ven ...
Decision Making
... Example: An efficiency perspective on mowing a lawn given a hand mower would focus on the best way to use the hand mower; a productivity perspective would include the possibility of using a power mower. ...
... Example: An efficiency perspective on mowing a lawn given a hand mower would focus on the best way to use the hand mower; a productivity perspective would include the possibility of using a power mower. ...
Schmidt, Ingo_Luxemburg_Accumulation of
... to establish the exclusive and universal domination of capitalist production in all countries and for all branches of industry. Yet this argument does not lead anywhere. As soon as this final result is achieved – in theory, of course, because it can never actually happen – accumulation must come to ...
... to establish the exclusive and universal domination of capitalist production in all countries and for all branches of industry. Yet this argument does not lead anywhere. As soon as this final result is achieved – in theory, of course, because it can never actually happen – accumulation must come to ...
Chapter 14 Models of Unemployment
... economic recovers. People commonly view the typical unemployed worker as suffering long-lasting despair and destitution, so the media publicize high unemployment as a great social problem. We shall see that this view of the unemployed worker is not an accurate depiction of the vast majority of those ...
... economic recovers. People commonly view the typical unemployed worker as suffering long-lasting despair and destitution, so the media publicize high unemployment as a great social problem. We shall see that this view of the unemployed worker is not an accurate depiction of the vast majority of those ...
NBER WORKING PAPER SERIES THEORIES OF WAGE RIGIDITY Joseph E. Stiglitz
... of each individual between income and leisure would be equal to the marginal rate of transformation, and there would be no lay—offs.10 Recall our original objective was to find an explanation of wage rigidity which could help explain unemployment; the implicit contract theory may provide us some ins ...
... of each individual between income and leisure would be equal to the marginal rate of transformation, and there would be no lay—offs.10 Recall our original objective was to find an explanation of wage rigidity which could help explain unemployment; the implicit contract theory may provide us some ins ...
NBER WORKING PAPER SERIES THE RIDDLE OF THE GREAT PYRAMIDS Randall Morck
... Elsewhere, this governance model is displaced to varying extents by another, the pyramidal group depicted in Figure 3. A business family’s family firm controls a first tier of listed firms, each of which controls yet more listed firms, each of which controls still other listed firms – in a broadenin ...
... Elsewhere, this governance model is displaced to varying extents by another, the pyramidal group depicted in Figure 3. A business family’s family firm controls a first tier of listed firms, each of which controls yet more listed firms, each of which controls still other listed firms – in a broadenin ...
The Minimum Wage Mandate - Digital Commons @ IWU
... workers’ rights and stopping predatory firms, there were many unintended consequences to come from this law. As companies and firms were now forced to increase their employees’ wages, they looked to find ways to cut cost elsewhere to keep profits high including raising prices, cutting workers, or mo ...
... workers’ rights and stopping predatory firms, there were many unintended consequences to come from this law. As companies and firms were now forced to increase their employees’ wages, they looked to find ways to cut cost elsewhere to keep profits high including raising prices, cutting workers, or mo ...
Excess Capacity in a Fixed Cost Economy
... Between 2009Q1 and 2013Q4, the difference between potential output and real GDP averaged $900 billion in 2009 dollars, or approximately 5.6% of potential output. The CBO (2014) describes potential output as a measure of sustainable output, such that if actual output is below potential, resources are ...
... Between 2009Q1 and 2013Q4, the difference between potential output and real GDP averaged $900 billion in 2009 dollars, or approximately 5.6% of potential output. The CBO (2014) describes potential output as a measure of sustainable output, such that if actual output is below potential, resources are ...
the economy goes to college - Center on Education and the Workforce
... Many of these changes are somewhat hidden because they involve the growth of business-to-business intermediate sales or structural changes within firms as more employment is concentrated in front-office functions and less in direct production. Most people aren’t aware of the many direct and indirect ...
... Many of these changes are somewhat hidden because they involve the growth of business-to-business intermediate sales or structural changes within firms as more employment is concentrated in front-office functions and less in direct production. Most people aren’t aware of the many direct and indirect ...
Government debt and social security in a life
... alive, since it shortens the horizon over which the current work force is liable for future taxes. Second, having retirees as well as workers implies that a rise in government debt will redistribute wealth from a low propensity to consume group (workers) to a high propensity to consume one (retiree ...
... alive, since it shortens the horizon over which the current work force is liable for future taxes. Second, having retirees as well as workers implies that a rise in government debt will redistribute wealth from a low propensity to consume group (workers) to a high propensity to consume one (retiree ...
Chapter 1 Test Bank
... 6. Recent decades have seen a trend toward globalization, which means that buying and selling in markets have crossed national borders to an increasing extent. As a result, firms and workers from different countries are increasingly interconnected. Globalization has occurred for a number of reasons. ...
... 6. Recent decades have seen a trend toward globalization, which means that buying and selling in markets have crossed national borders to an increasing extent. As a result, firms and workers from different countries are increasingly interconnected. Globalization has occurred for a number of reasons. ...
Economic Analysis of US Immigration Reforms
... program to allow more migrant workers to enter the US legally. This new temporary worker program would be open to undocumented workers in the US, as well as to prospective migrants currently residing abroad. The program would temporarily allow immigrants to fill jobs that, according to employers, wo ...
... program to allow more migrant workers to enter the US legally. This new temporary worker program would be open to undocumented workers in the US, as well as to prospective migrants currently residing abroad. The program would temporarily allow immigrants to fill jobs that, according to employers, wo ...
ue02-fehn 223213 en
... Germany has voted this fall and the old government happens to stay in office albeit only by a very small margin. This outcome was certainly surprising for political economists who believe that voters are strongly influenced by economics in their voting decision considering the poor economic record o ...
... Germany has voted this fall and the old government happens to stay in office albeit only by a very small margin. This outcome was certainly surprising for political economists who believe that voters are strongly influenced by economics in their voting decision considering the poor economic record o ...
The Economic and Ethical Implications of Living Wages
... employee loyalty as well as proficiency results in higher product quality, efficiency, and consistent customer service, all of which are in the self-interest of company managers and owners. Most economic models predict that higher wages result in greater production costs. Rising production costs inc ...
... employee loyalty as well as proficiency results in higher product quality, efficiency, and consistent customer service, all of which are in the self-interest of company managers and owners. Most economic models predict that higher wages result in greater production costs. Rising production costs inc ...
Firms, Nonprofits, and Cooperatives: A Theory of Organizational
... of any organization is the identity of its owners. The type of owners, combined with other restrictions and determinants of their action space, determines the nature of the organization’s overall objective function. Hereafter, we characterize each organizational form in three dimensions: (i) Who hol ...
... of any organization is the identity of its owners. The type of owners, combined with other restrictions and determinants of their action space, determines the nature of the organization’s overall objective function. Hereafter, we characterize each organizational form in three dimensions: (i) Who hol ...
NBER WORKING PAPER SERIES EVALUATING LABOR MARKET REFORMS: A GENERAL EQUILIBRIUM APPROACH
... those regarding workers’ layoffs, are commonly blamed for the high European unemployment rates (see OECD, 1994, for an example of this view). Following this belief and hastened by the worsening of unemployment rates during the 1980s, several European countries undertook institutional reforms aimed at ...
... those regarding workers’ layoffs, are commonly blamed for the high European unemployment rates (see OECD, 1994, for an example of this view). Following this belief and hastened by the worsening of unemployment rates during the 1980s, several European countries undertook institutional reforms aimed at ...
Richard B. McKenzie THE FIRST AND SECOND REICH: ADVOCATE
... Reich (1983, p. 21) noted that the process of adaptation would be made all the more difficult if the economic decline were allowed to continue “because then change threatens the economic security of people who are desperately trying to hold onto what they have.” Nevertheless, any failure to adapt al ...
... Reich (1983, p. 21) noted that the process of adaptation would be made all the more difficult if the economic decline were allowed to continue “because then change threatens the economic security of people who are desperately trying to hold onto what they have.” Nevertheless, any failure to adapt al ...
Privatization and Nationalization Cycles
... sumption tend to be more volatile under a privatized system. In addition, if the production structure is heavily concentrated in a few industries, such as those related to natural resources, the outside options for workers who are not well remunerated in those industries are quite limited. All this ...
... sumption tend to be more volatile under a privatized system. In addition, if the production structure is heavily concentrated in a few industries, such as those related to natural resources, the outside options for workers who are not well remunerated in those industries are quite limited. All this ...
WHY MANAGEMENT IS IMPORTANT Disusun oleh : Octamelia
... Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to Harold Koontz, “Ma ...
... Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to Harold Koontz, “Ma ...
Fiscal Stimulus and Labor Market Policies in Europe!
... operating costs. Labor ‡ows are determined based on a labor selection process: at each point in time workers …le an application to the …rm, which then selects according to the realization of the operating cost. Hiring and …ring decisions are determined endogenously: the marginal worker is hired whe ...
... operating costs. Labor ‡ows are determined based on a labor selection process: at each point in time workers …le an application to the …rm, which then selects according to the realization of the operating cost. Hiring and …ring decisions are determined endogenously: the marginal worker is hired whe ...
marx`s economic theory and contemporary capitalism
... capitalists will continually attempt to increase the length of the working day in order to increase surplus labor, or will resist attempts of workers to reduce the length of the working day. Thus a conflict over the length of the working day is inevitable in capitalism. This conclusion is obviously ...
... capitalists will continually attempt to increase the length of the working day in order to increase surplus labor, or will resist attempts of workers to reduce the length of the working day. Thus a conflict over the length of the working day is inevitable in capitalism. This conclusion is obviously ...
NBER WORKING PAPER SERIES SHARING SOME THOUGHTS ON WEITZMANtS THE SHARE ECONOMY
... firms would act to reduce macroeconomic fluctuations. Weitzman [19814aJ says that, ...
... firms would act to reduce macroeconomic fluctuations. Weitzman [19814aJ says that, ...
Ingo Schmidt Rosa Luxemburg`s `Accumulation of Capital`: New
... their preferred policies in the language of non‐intervention, can help to get the economy back on its long‐term growth path, which is determined by the growth of labour supply and technical progress (Barro, Sala‐i‐Martin 2003). Marxists have an entirely different view. They see ...
... their preferred policies in the language of non‐intervention, can help to get the economy back on its long‐term growth path, which is determined by the growth of labour supply and technical progress (Barro, Sala‐i‐Martin 2003). Marxists have an entirely different view. They see ...
RSS - irss.academyirmbr.com
... the port (Hugo, 2004). Migration has been a norm since the beginning of the history of human existence itself. Even then, the term migration was only introduced in the government‟s policy when a modern country started to exist, which focuses on border aspects, security and the peace (Kurus, 2004). T ...
... the port (Hugo, 2004). Migration has been a norm since the beginning of the history of human existence itself. Even then, the term migration was only introduced in the government‟s policy when a modern country started to exist, which focuses on border aspects, security and the peace (Kurus, 2004). T ...