The Effect of Bid Rigging on Prices: A Study of the Highway Construction Industry

This paper examines the effect of multimarket contact in afirst price sealed bid government procurement auction market. It investigates whether bidprices in the highway construction industry are related to conditions that favor the formation of a cartel.Repeated contacts among firms are found to have a significantly positive effect on the winning low bidwhich leads to higher profit. Further, rivalry among few firms tends to exacerbate the multimarket effect.The results in this study additionally support the recent theoretical predictions that collusion isbetter sustainable during economic downturns.     

The Impact of Wage Bargaining Regime on Firm‐Level Competitiveness and Wage Inequality: The Case of Ireland

This paper uses a linked employer‐employee dataset to analyze the impact of institutional wage bargaining regimes on average labor costs and within‐firm wage dispersion in private sector companies in Ireland. The results show that while centralized bargaining reduced labor costs within both the indigenous and foreign‐owned sectors, the relative advantage was greater among foreign‐owned firms. The analysis suggests that there are potentially large competitiveness gains to multinational companies that locate in countries implementing a centralized bargaining system. Furthermore, the results provide additional support to the view that collective bargaining reduces within‐firm wage inequality.     

中国信息产业技术进步对劳动力就业及工资差距的影响

以劳动力需求与供给两方面的理论探讨为基础,结合对技术进步内生及教育质量外生的综合分析,得到中国信息产业技术进步为技能偏向型,即:信息产业技术进步会增加对高技能劳动力的相对需求,减少对低技能劳动力的相对需求,并增加两种技能类型劳动力的工资差距。由于教育质量的影响,高技能与低技能劳动力的就业量之比在长期内会达到动态的稳定均衡状态,技能偏向型技术进步而致的工资差距不会一直增大。最后用中国26个省(自治区、直辖市)信息产业的相关数据证实了理论分析的结论。以典型的技术密集型的信息产业为对象展开研究,重点考察教育质量的影响作用,这不仅补充了技术进步对劳动力就业双重影响效应的理论分析,更为中国技术进步与劳动力充分就业并行发展的政策制定提供了可供借鉴的现实依据。     

The Survival of Apprenticeship Training: A British, American, Australian Comparison

This paper examines the development of apprenticeship training in three English-speaking countries where apprenticeship has fared very differently. It declined at an early date in the USA in most sectors of the economy; it survived intact in Britain well into the post-Second World War period; and it has survived relatively strongly in Australia up to the present day. The reasons for decline and survival are examined and an explanation is proferred in terms of the interaction between the institutional supports and the ability and need felt by employers to sustain the system.     

The Greek Public Sector Wage Premium before the Crisis: Size,Selection and Relative Valuation of Characteristics

We examine the Greek public–private wage differential before the debt crisis to evaluate the prospective impact of the recent public sector pay cuts. We find a large public premium which persists after controlling for individual and job characteristics. For men, much of this is accounted for by self‐selection into the sector that rewards better their characteristics, while for women it is largely driven by sectoral differences in returns. We attribute these effects to more egalitarian pay structures in the public sector and to demand problems in the private sector. The recent policy measures only partially change this situation, as wage deflation extends to the private sector, preserving public premia for the low paid.     

技术邻近、本地风投参与对地理邻近的调节作用研究

本文收集了2014年发生的风险投资交易事件信息,采用配对设计,运用Relogit回归来研究技术邻近和本地风险投资参与对风险投资地理邻近的调节作用。实证研究发现,技术邻近和本地风险投资均显著减弱地理距离对风险投资交易达成的反向影响。随着地理距离的增大,风险投资交易达成的可能性减小,风险投资机构与创业企业之间的技术邻近、联合投资事件中本地风险投资的参与均有助于缓解地理距离给投资交易达成带来的不利影响。研究结论对期望获得远距离风险投资的创业企业和风险投资不发达地区的地方政府均有一定借鉴价值。     

The Effect of Unions on Productivity Growth, Investment and Employment: A Report on some Recent Work

Using two British microeconomic data sets, this paper reports the following. (1) Union firms experienced faster productivity growth during 1980–4, but there was no difference in performance in 1975–9, or 1985–6. So unions do not necessarily reduce productivity growth. It is also unlikely that the above pattern can be explained by changes in union legislation. (2) Unionism appears to have no significant effect on in vestment, once one allows for the effects of differential productivity growth. (3) Wages in union and non-union firms are equally responsive to changes in the capital–labour ratio. (4) Contrary to what is often alleged, unionism per se does not reduce employment growth. Instead, the negative correlation observed in 1980–4 probably arises from a significant reform of working practices in unionized firms during 1980–4.     

Corporate Governance and Firm Capabilities: A Comparison of Managerial, Alliance, and Personal Capitalisms

Incentive structures embodied in different systems of corporate governance produce firms with inclinations towards the development of particular capabilities and strategic assets and disinclinations towards the development of others. To the extent that there is an excessive dependence upon any particular type of governance, an economy as a whole will be endowed with both its benefits and costs. As such, governance reform in East Asian economies may be better aimed at cultivating alternative governance institutions alongside existing relational institutions, rather than in converting these governance systems into facsimiles of the so-called Anglo-American model.     

The Effect of Industry, Region, and Time on New Business Survival – A Multi-Dimensional Analysis

We analyze the effect of industry, region, and time on new business survival rates by means of a multi-dimensional approach. The data relate to West German districts in the 1983–2000 period. The survival chances of start-ups tend to be relatively low in industries characterized by a high minimum efficient size and high numbers of entries. We find that regional characteristics play a rather important role and that introducing the regional dimension leads to considerable improvements of the estimation results. The significance of the regional dimension is also reflected in a remarkably high level of neighborhood effects.     

The Mortgage Acquisition Process: A Comparison of VRM and FRM Borrowers*

In recent years a number of alternative types of residential mortgage plans (i.e., alternative to the fixed-rate level-payment mortgage) have been proposed, and some of these have been available in various parts of the country. The most often proposed innovation has been the variable rate mortgage (VRM). The most widespread use of the VRM has been in the State of California, starting in early 1975. This paper discusses some of the results of a survey of over 1,700 homeowners in California that examined consumer reaction to the VRM. Specifically, this paper looks at the impact of the VRM on the mortgage acquisition process and the features of mortgages demanded by consumers. The data seem to indicate that the process of acquiring a mortgage has not been affected significantly by the availability of the VRM. However, the existence of alternative mortgage plans means that consumer choice can be broadened to include type of mortgage as well as lending institution.     

The Comparison and Selection of Investment Projects: A New Standardized Risk Measure

On the basis of drawdown criterion and investors' target return, a new risk measure called the standardized risk measure is presented in this paper. It is a relative quantity, which defined as the expected loss of value in the required target return divided by the maximum expected loss of value when the probability of failure is guaranteed under the standardized distribution of investment return. The definition is promising and superior to the traditional risk measure in that it readily makes the comparison of different investments be fairly easy and convenient regardless of their currency denominations, given that their return distributions belong to a category with identical standardized distribution.     

The Egalitarian Leader: A Comparison of Leadership in Australia and New Zealand

This article compares leadership in Australia and New Zealand based on data collected as a part of the GLOBE (Global Leadership and Organizational Behavior Effectiveness) 62-nation culture and leadership project. Exploratory and confirmatory factor analyses were used to demonstrate that etic (universal) dimensions of Charismatic and Self-Protective leadership are evident in both cultures, but that the dimensions have emic (local) culturally determined manifestations. These emic manifestations were stronger in New Zealand than in Australia. Leadership effectiveness incorporated the negative emic dimension of Bureaucratic leadership (both countries), and the positive emic dimension of Egalitarian leadership in Australia and Team leadership in New Zealand. Both models of leadership nonetheless represent styles of leadership based on egalitarian principles.     

A Comparison of American and Japanese Work Practices: Skill Formation, Communications, and Conflict Resolution

This article examines whether American work practices are becoming more similar to Japanese work practices with regard to skill formation, communications, and conflict resolution. I find that separated skills, self-managing teams, and the dual conflict settlement procedure prevalent in three American unionized plants contrast with the practices found in three Japanese unionized plants, where integrated skills, middle-up-down decision making led by assistant and first-line supervisors, and an informal and one-channel conflict settlement procedure are used.     

Scale,Scope and Survival: A Comparison of Cooperative and Capitalist Modes of Production

This paper draws on a comprehensive data set from Portugal to investigate the activities, internal characteristics and survival prospects of cooperatives and capitalist enterprises. Consistent with theory, high levels of market concentration and low entry costs were shown to be conducive to cooperatives. Cooperatives were found to be, on average, older and to operate with a larger, more highly educated and more productive labour force than do their capitalist counterparts. Finally, we show that cooperatives have a markedly higher probability of survival than do capitalist enterprises due, in part, to differences in industry of operation and internal characteristics.     

Experience with Company Unions and their Treatment under the Wagner Act: A Four Frames of Reference Analysis

This paper reexamines American experience with company unions (also known as nonunion employee representation plans) before they were banned by the Wagner Act (1935). For the half‐century following the passage of the act, labor historians and industrial relations scholars painted a bleak portrait of company unions as anti‐union sham organizations. Since the 1980s, additional research has documented a more positive side; similarly, concern has grown that the Wagner Act's ban is stifling legitimate employee participation programs. This paper brings new theoretical and empirical evidence to both historical and legal parts of this debate, including examination of company unions through individualist, unitarist, pluralist, and radical frames; demonstration that the pluralists’ view of company unions was more diverse and positive than conventionally portrayed; presentation of new historical evidence and testimony on the company union experience; and a substantially revisionist assessment of the merits of the Wagner Act's ban. In particular, the conclusion is that, given any reasonable weighting of the four frames, the company union ban is overly restrictive and should be modified so companies can implement the positive side of nonunion employee committees but not the negative. The paper ends by noting that the unbalanced and narrowly critical treatment of company unions in the mainline industrial relations tradition is a case study of the field's perhaps fatal post–World War II core intellectual‐normative contradiction—professed inclusiveness of all frames of employment relations but, in practice, attention to and preference for a narrow union‐centric version of one frame.     

Bricks and Behavior: The Repair and Maintenance Costs of Housing for Persons with Mental Illness

Comprehensive data on 153 properties offering independent living for persons with mental illness are used to examine the effects on repair and maintenance (RM) costs of building quality, neighborhood quality, building size, proportion of tenants with mental illness, and management experience with mentally ill tenants. We find an inverted U-shaped relationship between the proportion of mentally ill tenants in a building and its RM costs, which suggests favorable behavioral effects on mentally ill tenants of living in the same building with others who are mentally ill. We also find amenity features are associated with higher RM costs in properties where more tenants are mentally ill.     

Effect of entrepreneurial orientation,collectivistic orientation and swift Guanxi with suppliers on market performance: A study of e-commerce enterprises

This study investigates the influence of entrepreneurial orientation (EO) and swift Guanxi (three dimensions: mutual understanding, reciprocal favor and relationship harmony) on perceived value of suppliers and market performance of e-commerce enterprises, and the moderating effect of collectivistic orientation on the relationship between EO and swift Guanxi. The results obtained from a sample of 153 Chinese e-commerce enterprises using SEM-PLS analysis show that market performance of this kind of businesses is favorably influenced by their EO, but not by their swift Guanxi with suppliers. The findings confirm EO’s direct effect on swift Guanxi and its indirect effects on perceived value of suppliers, mediated through reciprocal favor and relationship harmony. In addition, the findings verify the negative moderating effect of collectivistic orientation on the EO-mutual understanding link. The study's implications and future research directions are discussed.     

Antecedents and Consequences of Cross-Functional Cooperation: A Comparison of R&D, Manufacturing, and Marketing Perspectives

By breaking down the walls among the R&D, manufacturing, and marketing functions, techniques such as concurrent engineering and quality function deployment can pave the way to more effective new product development (NPD). Recognizing the benefits of such cross-functional efforts, practitioners and researchers have examined the interrelationships among various groups in the NPD process, paying particularly close attention to the R&D–marketing interface. However, manufacturing also plays an important role in NPD. Consequently, any thorough exploration of the relationship between cross-functional cooperation and NPD success must consider manufacturing's perspective. X. Michael Song, Mitzi M. Montoya-Weiss, and Jeffrey B. Schmidt provide such a balanced perspective in a study of cross-functional cooperation during NPD in Mexican high-tech firms. Notwithstanding the differing functional goals, objectives, and reward systems present in R&D, manufacturing and marketing, they hypothesize that all three functions recognize that successful NPD requires crossfunctional cooperation. In particular, they expect that representatives of these three functional groups will share similar perceptions, regarding both the drivers and the consequences of cross-functional cooperation. The survey results support the hypothesis that R&D, manufacturing, and marketing professionals share the same perceptions, regarding the drivers and the consequences of cross-functional cooperation. Respondents from all three groups view internal facilitators as the drivers of cross-functional cooperation. In other words, regardless of their functional area, the survey respondents believe that the strongest, most direct effects on cross-functional cooperation and NPD performance come from a firm's evaluation criteria, reward structures, and management expectations. Respondents perceive these internal facilitators as having a greater effect on cross-functional cooperation than that of external forces such as market competitiveness and technological change. In fact, contrary to expectations, the respondents do not view these external forces as having a significant effect on cross-functional cooperation or NPD performance. And contrary to persistent reports about friction between technical and nontechnical personnel, all three groups perceive a strong, positive relationship between cross-functional communication and NPD performance.