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| 2. |
- Andersson, Fredrik, 1974-, et al.
(författare)
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Outsourcing Public Services : Contractibility, Cost, and Quality
- 2019
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Ingår i: CESifo Economic Studies. - Örebro : Oxford University Press. - 1610-241X .- 1612-7501. ; 65:4, s. 349-372
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Forskningsöversikt (refereegranskat)abstract
- We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The empirical studies point at rather favourable outsourcing outcomes, in terms of costs and quality, for services without severe contracting problems. The picture is more mixed for services with tougher contracting problems, with the weight of the evidence in favour of public provision. This difference between services is largely in line with the property-rights framework and theories of incomplete contracts.
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| 3. |
- Anrup, Roland, et al.
(författare)
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Centrala universitetsvärden hotas av bolagiseringsidén
- 2013
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Ingår i: Dagens nyheter. - 1101-2447.
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Tidskriftsartikel (populärvet., debatt m.m.)abstract
- Högskolestiftelser. Förslaget att driva svenska universitet i stiftelseform öppnar för bolagisering. Men det är ingen riktig utredning, utan en politisk pamflett utan eftertanke. Privatisering av universitet hotar både oberoendet, forskningskvaliteten och samhällsnyttan, skriver 36 forskare vid svenska högskolor och universitet.
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| 4. |
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| 5. |
- Becker, Bo, et al.
(författare)
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Insolvency Resolution and the Missing High-Yield Bond Markets
- 2016
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Ingår i: The Review of financial studies. - : Oxford University Press (OUP). - 0893-9454 .- 1465-7368. ; 29:10, s. 2814-2849
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Tidskriftsartikel (refereegranskat)abstract
- In many countries, poorly functioning bankruptcy procedures force viable but insolvent firms to restructure out of court, where banks may have a bargaining advantage over other creditors. We model the choice of restructuring process and derive implications for the corporate mix of bank and bond financing. Empirical patterns match the model: inefficient bankruptcy in a country is associated with less bond issuance by risky, but not by safe, borrowers. This pattern holds for both levels of and changes in bankruptcy recovery. Our results establish a link between bankruptcy reform and corporate bond markets, especially high-yield markets. (JEL G32, G33, G21)
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| 6. |
- Becker, Bo, et al.
(författare)
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Non-Financial Liabilities and Effective Corporate Restructuring
- 2023
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Annan publikation (övrigt vetenskapligt/konstnärligt)abstract
- Many countries’ insolvency systems focus on restructuring financial liabilities, and ignore operational liabilities such as leases and long-term supplier contracts. We model insolvency procedures with and without operational restructuring options. Such options avoid excessive liquidation of firms with significant non-financial obligations. Ex-ante, this option should increase debt capacity, especially in industries with inputs supplied under executory contract. We test this hypothesis around the introduction of a new law in Israel which facilitated the rejection of contracts, and by comparing capital structures for industries with high lease obligations between the U.S. and other countries. Empirical results confirm that operating restructuring is a key aspect of insolvency.
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| 7. |
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| 8. |
- Eriksson, Jens, 1982-
(författare)
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The End of Piracy : Rethinking the History of German Print Piracy in the Early Nineteenth Century
- 2016
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- This dissertation is an historical study of the German book trade in the early decades of the nineteenth century. In this period, German states passed authorial rights reforms that prompted energetic discussions about the definition of authorship and unauthorized reprinting. What was to count as a new publication? What was authorship? How did it differ from book piracy? By addressing these questions, this dissertation advances two principal arguments. The first deals with the idealist reconceptualization of authorship that took place around 1800. I argue that the spread of idealist authorship helped book merchants market recycled publications as new works and defend their publications against the charge of piracy. My second argument concerns the size of the German reprinting industry. Against the widespread view that print piracy came to an end in the early nineteenth century, I argue that disputes over the definition of unauthorized reprinting made the size of the German reprinting industry a contentious matter.The study consists of three empirical chapters. The first examines reactions to the confederal ban on unauthorized reprinting from 1837, as well as the construction of authorship that philosophers such as Immanuel Kant and Johann Gottlob Fichte helped establish around 1800. The second chapter explores the history of the Stuttgart publisher Carl Erhard’s Conversations-Lexikon, a publication that was at the heart of the debates studied here. The third chapter focuses on the Leipzig book fair catalog and efforts to quantify the number of new German books published each year. Attempts to quantify new publications raised pressing questions about the difference between new works and reprints. In the ensuing discussions, disputes over the definition reprinting evolved into disagreements over the prevalence of piracy on the book market. In this regard, the controversies raised over the definition of unauthorized reprinting offer lessons about much more than a particular moment in the history of piracy. Taken together, the three chapters grapple with the power of words to not only describe things and practices, but also to shape our perception of entities such as the market.
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| 9. |
- Josephson, Jens
(författare)
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A numerical analysis of the evolutionary stability of learning rules
- 2008
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Ingår i: Journal of Economic Dynamics and Control. - : Elsevier: 24 months. - 0165-1889. ; 32:5, s. 1569-1599
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Tidskriftsartikel (refereegranskat)abstract
- In this paper, we define an evolutionary stability criterion for learning rules. Using simulations, we then apply this criterion to three types of symmetric 2 x 2 games for a class of learning rules that can be represented by the parametric model of Camerer and Ho [1999. Experience-weighted attraction learning in normal form games. Econometrica 67, 827-874]. This class contains stochastic versions of reinforcement and fictitious play as extreme cases. We find that only learning rules with high or intermediate levels of hypothetical reinforcement are evolutionarily stable, but that the stable parameters depend on the game. (c) 2007 Elsevier B.V. All rights reserved.
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| 10. |
- Josephson, Jens, et al.
(författare)
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Costly interviews
- 2016
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Ingår i: International Journal of Industrial Organization. - : Elsevier BV. - 0167-7187 .- 1873-7986. ; 45, s. 10-15
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Tidskriftsartikel (refereegranskat)abstract
- In this paper, we show how the interaction between costly screening and competition in decentralized markets may prevent efficient matching. We examine this phenomenon in a simple dynamic model of a professional labor market, where firms can pay a cost to interview applicants who have private information about their own ability. Inefficiencies arise when a firm decides not to interview potentially able candidates since it infers that sufficiently good candidates will be hired by more productive firms. This effect is robust to changes in the information structure of the market, but it can be mitigated by subsidizing screening costs.
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