Anke S Kessler
Biographic Data
| ID | 5733124 |
|---|---|
| NAME | Anke S Kessler |
| GIVEN NAMES | Anke S |
| FAMILY NAME | Kessler |
| SIGNATURE | KESSLER A S |
| AFFILIATIONS | Center for Economic and Policy Research |
| VERIFIED | No |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 13 |
| WORKS AS AUTHOR | 5 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2001 |
| LATEST PUBLICATION YEAR | 2006 |
| H-INDEX | 2 |
The Theory of Human Capital Revisited
Human capital theory distinguishes between training in general-usage and firm-specific skills. Becker (1964) argues that employers will only invest in specific training, not general training, when labour markets are competitive. The article reconsiders Becker's theory. Using essentially his framework, we show that there exists an "incentive" complementarity between employer-sponsored general and specific training: the possibility to provide speci…
Representative versus direct democracy
Optimal Auditing in Hierarchical Relationships
This paper studies a principal-agent model with third-party auditing. Auditing technologies are distinguished according to the quantity (frequency) and the quality (accuracy) of the information they deliver. We show that the frequency of audits is irrelevant if the auditor either is honest or colludes with the agent but auditing evidence can only be concealed and not forged. Only if auditing evidence can be falsified does the principal benefit bo…
Monitoring and Productive Efficiency in Public and Private Firms
The paper compares productive efficiency in public and private firms. We study a principal-agent model in which the firm's manager is privately informed about a cost parameter and exerts unobservable cost reducing effort, while the owner can conduct costly audits to obtain information about the firm's cost. Without auditing, managerial effort (and therefore production efficiency) is strictly higher under public governance with a benevolent govern…
(Non-)Existence of Equilibria in Multicommunity Models
Representative versus direct democracy
The Theory of Human Capital Revisited
Human capital theory distinguishes between training in general-usage and firm-specific skills. Becker (1964) argues that employers will only invest in specific training, not general training, when labour markets are competitive. The article reconsiders Becker's theory. Using essentially his framework, we show that there exists an "incentive" complementarity between employer-sponsored general and specific training: the possibility to provide speci…
(Non-)Existence of Equilibria in Multicommunity Models
Monitoring and Productive Efficiency in Public and Private Firms
The paper compares productive efficiency in public and private firms. We study a principal-agent model in which the firm's manager is privately informed about a cost parameter and exerts unobservable cost reducing effort, while the owner can conduct costly audits to obtain information about the firm's cost. Without auditing, managerial effort (and therefore production efficiency) is strictly higher under public governance with a benevolent govern…
Optimal Auditing in Hierarchical Relationships
This paper studies a principal-agent model with third-party auditing. Auditing technologies are distinguished according to the quantity (frequency) and the quality (accuracy) of the information they deliver. We show that the frequency of audits is irrelevant if the auditor either is honest or colludes with the agent but auditing evidence can only be concealed and not forged. Only if auditing evidence can be falsified does the principal benefit bo…
Representative versus direct democracy
The Theory of Human Capital Revisited
Human capital theory distinguishes between training in general-usage and firm-specific skills. Becker (1964) argues that employers will only invest in specific training, not general training, when labour markets are competitive. The article reconsiders Becker's theory. Using essentially his framework, we show that there exists an "incentive" complementarity between employer-sponsored general and specific training: the possibility to provide speci…
Economics (4 works) · Auction Theory and Applications (3 works) · Computer Science (3 works) · Microeconomics (3 works) · Business (2 works) · Corporate Finance and Governance (2 works) · Economic Policies and Impacts (2 works) · Local Government Finance and Decentralization (2 works) · Accounting (1 work) · Audit (1 work)