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Competition And The Legal Environment: Intellectual Property Rights In The Early American Film Industry, Harold Scott Wallace
Competition And The Legal Environment: Intellectual Property Rights In The Early American Film Industry, Harold Scott Wallace
Economics Working Papers
No abstract available.
On Job Rotation, Metin M. Cosgel, Thomas J. Miceli
On Job Rotation, Metin M. Cosgel, Thomas J. Miceli
Economics Working Papers
A fundamental principle of economics with which Adam Smith begins The Wealth of Nations is the division of labor. Some firms, however, have been pursuing a practice called job rotation, which assigns each worker not to a single and specific task but to a set of several tasks among which he or she rotates with some frequency. We examine the practice of job rotation as a serious alternative to specialization, with three objectives. The first is to consider current and historical examples of job rotation, in addition to those in Japanese firms, in order to examine the variety of contexts …
Organization Change And Vinification Cooperatives In France's Midi, Trevor C. Knox
Organization Change And Vinification Cooperatives In France's Midi, Trevor C. Knox
Economics Working Papers
Standard accounts of French industrialization blame the predominance of the traditional family firm for France s failure to adopt or to pioneer modern production methods. Economic historians could easily interpret the cave cooperative vinicole as evidence that corroborates this explanation for inefficiency in French agriculture and industry. The cave cooperative preserved the idiosyncrasies that attend fragmented land tenure at the expense of governance costs and incentive problems associated with cooperative ownership and control. These apparent barriers to rationalized production notwithstanding, this paper claims that the cooperative was a progressive organizational structure that adapted winegrowers in southern France to the emerging …
The Perception Of Government Bonds And Money As Net Wealth: An Integrated Approach, Alpha C. Chiang, Stephen M. Miller
The Perception Of Government Bonds And Money As Net Wealth: An Integrated Approach, Alpha C. Chiang, Stephen M. Miller
Economics Working Papers
Although much work examines whether government bonds constitute net wealth, little attention focuses on whether government money does. Most analysts merely assert that government money is net wealth. In an inflationary environment, however, money experiences "expected-inflation discounting" just as bonds experience "tax discounting." Indeed, Chiang and Miller (1988) find empirical evidence suggesting that the private sector discounts money more heavily than bonds. This paper provides the theoretical underpinnings for the two types of discounting in an integrated approach, where both new money and new bonds can finance the interest on outstanding bonds. We first analyze the objective aspect of bond- …