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作者:Martimort, David; Verdier, Thierry
作者单位:Universite de Toulouse; Institut Universitaire de France
摘要:This paper argues that the internal organization of the firm and the growth process interact strongly to determine simultaneously the power of incentives within the firm and the growth rate. We show how agents within the firm can invest either by using their own human capital or by relying on some form of reputational capital to secure implicit relationships within the firm and we discuss how these investments affect the growth rate of the economy. (JEL: D92, L22, O40)
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作者:Townsend, Robert M.
作者单位:University of Chicago
摘要:Individual microcredit loans are not necessarily simple fixed debt obligations, but rather may have contingencies and procedures suggested by the theory of mechanism design. Further, group or joint-liability lending may not be the single miracle cure practitioners claim nor operate the way the logic of a single theory might suggest. There are multiple theories, these theories can be distinguished in data on repayment rates, and the best-fit theory may vary with the environment. Finally, the de...
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作者:Combes, Pierre-Philippe; Linnemer, Laurent
作者单位:Universite de Montpellier
摘要:We measure the past production of research articles by current members of European economics institutions. All EconLit journals are used, weighted to reflect differences in quality. Both a long (1971-2000) and a short (1996-2000) time period are considered. We also provide production indices that take into account the authors' career length. The total output of each research center is measured as well as its production per member. The focus is on 600 centers from eighteen European countries (E...
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作者:Kalaitzidakis, Pantelis; Stengos, Thanasis; Mamuneas, Theofanis P.
作者单位:University of Crete; University of Guelph; University of Leicester; University of Cyprus
摘要:We conducted a worldwide ranking of academic institutions that produce research in a list of thirty top research journals in economics. We also computed journal rankings for the same period and hence we do not rely on weights that were computed for research carried out in earlier periods. The United States is clearly the dominant force in the top-fifty group, but European academic institutions are well represented in the group of the top 200 universities worldwide as are universities from Asia...
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作者:Rochet, Jean-Charles; Tirole, Jean
作者单位:Universite de Toulouse
摘要:Many if not most markets with network externalities are two-sided. To succeed, platforms in industries such as software, portals and media, payment systems and the Internet, must get both sides of the market on board. Accordingly, platforms devote much attention to their business model, that is, to how they court each side while making money overall. This paper builds a model of platform competition with two-sided markets. It unveils the determinants of price allocation and end-user surplus fo...
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作者:Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio
作者单位:Massachusetts Institute of Technology (MIT); Harvard University; University of London; University College London
摘要:We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and discourages innovation. Outsourcing of some production activities mitigates the managerial overload, but creates a holdup problem, causing some of the rents of the owners to be dissipated to the supplier. Far fro...
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作者:Bleakley, Hoyt
作者单位:University of California System; University of California San Diego
摘要:Hookworm and malaria, parasites that remain a significant public health threat in the tropical belt today, were endemic in the American South as late as the first half of the twentieth century. I discuss how the successful eradication of malaria and hookworm in the American South affected human-capital accumulation. I find that areas that had higher levels of (malaria or hookworm) infection prior to eradication experienced greater increases in school attendance and literacy afterwards. Moreove...
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作者:Carraro, Carlo; Siniscalco, Domenico
作者单位:Universita Ca Foscari Venezia
摘要:This paper deals with Science and Technology in research policy. Following recent literature on the economics of knowledge, Science and Technology are defined as distinct institutional arrangements, broadly corresponding to nonmarket and market allocation mechanisms. Previous analyses argued that Science and Technology can and should coexist within an economic system or society. This paper shows that Science and Technology tend to coexist-and should coexist on welfare grounds-also within the s...
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作者:Neary, J. Peter
摘要:Part 1 of this report outlines the steps in launching the new Journal of the European Economic Association; Part 2 gives details of conferences, committees and other relatively routine matters; and Part 3 deals with administration and governance issues; Part 4 includes final notes.
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作者:Abbring, Jaap H.; Chiappori, Pierre-Andre; Pinquet, Jean
作者单位:Vrije Universiteit Amsterdam; University of Chicago; Universite Paris Nanterre
摘要:This paper exploits dynamic features of insurance contracts in the empirical analysis of moral hazard. We first show that experience rating implies negative occurrence dependence under moral hazard: individual claim intensities decrease with the number of past claims. We then show that dynamic insurance data allow to distinguish this moral-hazard effect from dynamic selection on unobservables. We develop nonparametric tests and estimate a flexible parametric model. We find no evidence of moral...