This paper discusses the characteristics and formation of inter-firm relationships in the telecommunications industry. The formation and partner selection are key issues for managers arranging inter-firm relationships. We focus on inter-firm relationships conducted by the telecommunications carriers and discuss the characteristics of the industry and possible or preferred formations and propose...

Directed search models are specified to explain the observed wage dispersion. This class of models generates wage dispersion with homogenous workers across firms. Recent work has extended this theoretical framework to offer a possible resolution of inter-industry wage differentials (IWDs) with multiple skill types. I perform a GMM estimation of an extension of a directed search model (Shimer; 2...

I study a two-sector model of learning-by-doing with general and sector-speci…c human capital. There is a potential e¢ ciency gain from intersectoral turnover when the sectors have di¤erent complementary production costs or learning curves of di¤erent steepness. If workers are liquidity constrained then there is a bias towards increased intersectoral turnover, resulting in socially ine¢ cient c...

We study the structure of inter-industry relationships using networks of money flows between industries in 20 national economies. We find these networks vary around a typical structure characterized by a Weibull link weight distribution, exponential industry size distribution, and a common community structure. The community structure is hierarchical, with the top level of the hierarchy comprisi...

The paper explores the relationship between job flows and wages in the U.S. manufacturing sector, where wage differentials for seemingly identical workers and job reallocation rates are shown to be negatively correlated across 3-digit industries. High wage industries have the lowest turnover of jobs, offering more secure employment opportunities. In a regression of wage differentials on industr...

This study examines the valuation effects of initial public offerings (IPOs) and intra-industry IPOs in Turkey between 2010 2018. The purpose this is to find out whether are overvalued they impact pricing industry peers. First, investigated. Price-to-value ratios Turkish compared with sector average determine overvalued. not against rivals’ price-to-value based on sales earnings-before-interest...

In production theory, it is necessary to be capable of predicting the production func- tion’s long-run behaviors. Hereof, returns to scale is a helpful concept. Returns to scale describes the reaction of a production function to the proportionally scaling all its input variables. In this regard, Data envelopment analysis (DEA) provides a com- prehensive framework for returns to scale evaluation...