Browsing by Subject "D43"

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Browsing by Subject "D43"

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    Title: Flexible Contracts  Author(s): GOTTARDI, Piero; TALLON, Jean Marc; GHIRARDATO, Paolo Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by ...
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    Title: Stakeholder Capitalism, Corporate Governance and Firm Value  Author(s): ALLEN, Franklin; CARLETTI, Elena; MARQUEZ, Robert Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: In countries such as Germany, the legal system is such that firms are necessarily stakeholder oriented. In others like Japan social convention achieves a similar effect. We analyze the advantages and disadvantages of ...
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    Title: Sector-specific Markup Fluctuations and the Business Cycle  Author(s): GABLER, Alain Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: The counter-cyclicality in the relative price of equipment investment which is observed in the U.S. has been attributed to equipment-specific pro- ductivity shocks. Cross-country evidence indicates that a number of ...