The Resource Contracts and the division of labor, [by] Daron Acemoglu, Pol Antras [and] Elhanan Helpman., (electronic resource)

Contracts and the division of labor, [by] Daron Acemoglu, Pol Antras [and] Elhanan Helpman., (electronic resource)

Label
Contracts and the division of labor
Title
Contracts and the division of labor
Statement of responsibility
[by] Daron Acemoglu, Pol Antras [and] Elhanan Helpman.
Creator
Contributor
Provider
Language
eng
Summary
We present a tractable framework for the analysis of the relationship between contract incompleteness, technological complementarities and the division of labor. In the model economy, a firm decides the division of labor and contracts with its worker-suppliers on a subset of activities they have to perform. Worker-suppliers choose their investment levels in the remaining activities anticipating the ex post bargaining equilibrium. We show that greater contract incompleteness reduces both the division of labor and the equilibrium level of productivity given the division of labor. The impact of contract incompleteness is greater when the tasks performed by different workers are more complementary. We also discuss the effects of imperfect credit markets on the division of labor and productivity, and study the choice between the employment relationship versus an organizational form relying on outside contracting. Finally, we derive the implications of our framework for productivity differences and comparative advantage across countries. Keywords: incomplete contracts, division of labor, productivity. JEL Classifications: D2, J2, L2, O3
Member of
Additional physical form
Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.
Cataloging source
MYG
http://library.link/vocab/creatorName
Acemoglu, Daron
Index
no index present
Literary form
non fiction
Nature of contents
  • bibliography
  • technical reports
http://library.link/vocab/relatedWorkOrContributorDate
1975-
http://library.link/vocab/relatedWorkOrContributorName
  • Antrs, Pol
  • Helpman, Elhanan
  • Massachusetts Institute of Technology
  • Internet Archive
Series statement
Working paper series / Massachusetts Institute of Technology, Dept. of Economics
Series volume
working paper 05-14
Label
Contracts and the division of labor, [by] Daron Acemoglu, Pol Antras [and] Elhanan Helpman., (electronic resource)
Instantiates
Publication
Note
"May 4, 2005."
Bibliography note
Includes bibliographical references (p. 50-52)
Dimensions
28 cm.
Dimensions
unknown
Extent
52 p.
Specific material designation
remote
System control number
  • (OCoLC)60569474
  • (CaSfIA)contractsdivisio00acem
  • (CaSfIA)001330991
Label
Contracts and the division of labor, [by] Daron Acemoglu, Pol Antras [and] Elhanan Helpman., (electronic resource)
Publication
Note
"May 4, 2005."
Bibliography note
Includes bibliographical references (p. 50-52)
Dimensions
28 cm.
Dimensions
unknown
Extent
52 p.
Specific material designation
remote
System control number
  • (OCoLC)60569474
  • (CaSfIA)contractsdivisio00acem
  • (CaSfIA)001330991

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