Documents cost containment 33 results

"Legal institutions affect economic outcomes, but how much? This paper documents how costly supplier contract enforcement shapes firm boundaries, and quantifies the impact of this transaction cost on aggregate productivity and welfare. I embed a contracting game between a buyer and a supplier in a general-equilibrium model. Contract enforcement costs lead suppliers to under produce. Thus, firms will perform more of the production process in-house instead of outsourcing it. On a macroeconomic scale, in countries with slow and costly courts, firms should buy relatively less inputs from sectors whose products are more specific to the buyer-seller relationship. I present reduced-form evidence for this hypothesis using a novel measure of relationship-specificity, which I construct from microdata on US case law. I then structurally estimate my model, and perform welfare counterfactuals. Setting enforcement costs to US levels would increase real income by an average of 7.5 percent across all countries, and by an average of 15.3 percent across low-income countries. Hence, transaction costs and the determinants of firm boundaries are important for countries' aggregate level of development."

"The purpose of this paper is to examine the degree of alignment of organizational strategies with two types of telework using Statistics Canada's 2005 Workplace and Employee Survey data. In this paper, we intentionally use the most inclusive definition of telework, because we are interested in all cases where an employee works from home at least some of the time. We consider telework to be ‘employee-oriented' when an employee works at home to address his and her family-related or personal wants or needs, and ‘employer-oriented' when an employee works at home due to the employer's strategic or operational objectives. The three organizational strategies that we considered were innovation, involvement, and cost-containment. We found that employers focusing on innovation were significantly more likely than other employers to use both types of telework, with greater emphasis on employee-oriented telework, whereas employers using an involvement strategy were less likely to use either type of telework, albeit at only a weak level of significance. Moreover, we did not find a statistical relationship between the cost containment strategy and either type of telework. We hypothesized that employee-oriented telework would be more common among workers in workplaces focusing on innovation or involvement, but less common among workers in workplaces focusing on cost containment. We hypothesized the reverse situation for the incidence of employer-oriented telework. On the whole, the results suggested that employers are not universally aligning the implementation of the two types of telework with their organizational strategies. Rather, either telework is not commonly used as a strategic tool or, alternatively, the strategic implementation of these two types of telework is more contingent upon other organizational or employee factors in specific circumstances."

"L'Italie est entrée en 2014 dans sa sixième année de récession. En raison d'un ralentissement économique continu, le produit intérieur brut du pays est revenu à son niveau de 2000, soit 9 % en dessous du niveau de 2008, et le volume de l'emploi s'est substantiellement contracté. Ce ralentissement économique, à la fois long et sévère, a eu de lourdes conséquences sur les femmes et les hommes même si, compte tenu de la nature sexuée du système famille-emploi, il y a des effets différents sur les unes et les autres. ..."