Journal of Economic Behavior & Organization
Опубликовано на портале: 22-12-2009Gary G. Hamilton, Robert C. Feenstra, D.S. Huang Journal of Economic Behavior & Organization. 2009. Vol. 51. No. 4. P. 459-485 .
We propose an model of vertically and horizontally-integrated business groups that allows the number and size of each group to be determined endogenously. We find that more than one configuration of groups can arise in equilibrium: several different types of business groups can occur, each of which are consistent with profit-maximization and are stable. We suggest that the strongly-integrated groups arising in the model characterize the chaebol found in South Korea, whereas the less-integrated groups describe those found in Taiwan.
Опубликовано на портале: 14-11-2003William O. Jr. Brown Journal of Economic Behavior & Organization. 2001. Vol. 44. No. 2. P. 129-143.
This paper examines the relationship between faculty participation in university decision-making and university performance. Using an aggregated measure of faculty participation, McCormick and Meiners [The Journal of Law and Economics 31 (1989) 423] find that increased faculty control in decision-making is associated with lower levels of institutional performance. Building on the existing university governance literature, this paper argues that the optimal level of faculty participation varies by decision type. Disaggregating the data by faculty participation into different decision types produces results that are consistent with this hypothesis. Increased faculty participation may be good or bad; the effects vary by the type of decisions in which faculty participate.
Опубликовано на портале: 27-02-2004Jeffrey S. Banks, David Porter, Mark Olson, S. Rassenti, Vernon L. Smith Journal of Economic Behavior & Organization. 2003. Vol. 51. No. 3. P. 303-305.
The FCC uses the simultaneous multi-round auction (SMA) to assign spectrum licenses. Congress mandated that the SMA be compared to an auction that allows combinatorial bids. We review the theoretical and experimental evidence relevant to the SMA procedures and their inherent defects. Results from experiments evaluating the SMA in comparison to a combinatorial auction designed by Charles River and Associates show that several of the SMA rules hinder efficiency and create a trade-off between efficiency and auction length. The combinatorial auction outperforms the SMA when license values are superadditive, but requires more time to complete and is not robust.