Make or Buy Decisions and Data Sharing
Firms can share data to discover potential synergies between their data sets and algorithms, eventually leading to more efficient mergers and acquisitions (M&A) decisions. However, …
antoine-dubus
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1 min read
The Value Principle in Management Practices
The value principle in organizational economics states that the net market value of the goods that a firm sells is a key determinant of its organizational design. We survey and …
Competition-friendly industrial policy
Industrial policy, essential for addressing market failures, encounters concerns regarding protecting inefficient firms. We advocate for competition-friendly industrial policies, …
philippe-aghion
Come together: Firm boundaries and delegation
We jointly study firm boundaries and the allocation of decision rights within them by confronting an incomplete-contracts model with data on vertical integration and delegation for …
laura-alfaro
Task Discretion, Labor-market Frictions, and Entrepreneurship
An agent can perform a job in several ways, which we call tasks. Choosing agents tasks is the prerogative of management within firms, and of agents themselves if they are …
andrea-canidio
Prescription opioids and economic hardship in France: I. Natali et al.
ilaria-natali
Cheap Talk is not Cheap: Free versus Costly Communication
How do people communicate their intentions before making decisions that affect others? This paper explores this question in a setting where two players must independently choose …
hamid-aghadadashli
Let's Collude
Managers have imperfect information about each other’s willingness to collude and may signal this willingness through direct communication or market actions. Owners offer bonuses …
hamid-aghadadashli
Local search markets and external competition
College diversity policy and investment incentives
thomas-gall