WorldCat Identities

Garicano, Luis

Works: 53 works in 276 publications in 1 language and 1,304 library holdings
Roles: Author, Other
Classifications: HB1, 330.072
Publication Timeline
Most widely held works by Luis Garicano
Hierarchies, specialization, and the utilization of knowledge : theory and evidence from the legal services industry by Luis Garicano( Book )

13 editions published in 2004 in English and held by 48 WorldCat member libraries worldwide

What role do hierarchies play with respect to the organization of production and what determines their structure? We develop an equilibrium model of hierarchical organization, then provide empirical evidence using confidential data on thousands of law offices from the 1992 Census of Services. The driving force in the model is increasing returns in the utilization of acquired knowledge. We show how the equilibrium assignment of individuals to hierarchical positions varies with the degree to which their human capital is field-specialized, then show how this equilibrium changes with the extent of the market. We find empirical evidence consistent with a central proposition of the model: the share of lawyers that work in hierarchies and the ratio of associates to partners increases as market size increases and lawyers field-specialize. Other results provide evidence against alternative interpretations that emphasize unobserved differences in the distribution of demand or 'firm size effects, ' and lend additional support to the view that a role hierarchies play in legal services is to help exploit increasing returns associated with the utilization of human capital
Political credit cycles : the case of the Euro zone by Jesús Fernández-Villaverde( Book )

11 editions published in 2013 in English and held by 19 WorldCat member libraries worldwide

We study the mechanisms through which the adoption of the Euro delayed, rather than advanced, economic reforms in the Euro zone periphery and led to the deterioration of important institutions in these countries. We show that the abandonment of the reform process and the institutional deterioration, in turn, not only reduced their growth prospects but also fed back into financial conditions, prolonging the credit boom and delaying the response to the bubble when the speculative nature of the cycle was already evident. We analyze empirically the interrelation between the financial boom and the reform process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform process after the creation of the Euro
Firm size distortions and the productivity distribution : evidence from France by Luis Garicano( Book )

12 editions published between 2012 and 2013 in English and held by 18 WorldCat member libraries worldwide

We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to bind on firms with exactly 50 or more employees. Using data on the population of firms between 2002 and 2007 period, we structurally estimate the key parameters of our model to construct counterfactual size, productivity and welfare distributions. With flexible wages, the deadweight loss of the regulation is below 1% of GDP, but when wages are downwardly rigid welfare losses exceed 5%. We also show, regardless of wage flexibility, that the main losers from the regulation are workers (and to a lesser extent large firms) and the main winners are small firms
Sabotage in tournaments : making the beautiful game a bit less beautiful by Luis Garicano( Book )

5 editions published in 2005 in English and held by 13 WorldCat member libraries worldwide

Codes in organizations by Jacques Crémer( Book )

6 editions published in 2004 in English and held by 12 WorldCat member libraries worldwide

Relational knowledge transfers by Luis Garicano( Book )

9 editions published between 2013 and 2016 in English and held by 11 WorldCat member libraries worldwide

An expert must train a novice. The novice initially has no cash, so he can only pay the expert with the accumulated surplus from his production. At any time, the novice can leave the relationship with his acquired knowledge and produce on his own. The sole reason he does not is the prospect of learning in future periods. The profit-maximizing relationship is structured as an apprenticeship, in which all production generated during training is used to compensate the expert. Knowledge transfer takes a simple form. In the first period, the expert gifts the novice a positive level of knowledge, which is independent of the players' discount rate. After that, the novice's total value of knowledge grows at the players' discount rate until all knowledge has been transferred. The inefficiencies that arise from this contract are caused by the expert's artificially slowing down the rate of knowledge transfer rather than by her reducing the total amount of knowledge eventually transferred. We show that these inefficiencies are larger the more patient the players are. Finally, we study the impact of knowledge externalities across players
Knowledge-based hierarchies using organizations to understand the economy by Luis Garicano( Book )

7 editions published in 2014 in English and held by 5 WorldCat member libraries worldwide

We argue that incorporating the decision of how to organize the acquisition, use, and communication of knowledge into economic models is essential to understand a wide variety of economic phenomena. We survey the literature that has used knowledge-based hierarchies to study issues like the evolution of wage inequality, the growth and productivity of firms, economic development, the gains from international trade, as well as offshoring and the formation of international production teams, among many others. We also review the nascent empirical literature that has, so far, confirmed the importance of organizational decisions and many of its more salient implications
The sovereign-bank diabolic loop and ESBies by Markus Konrad Brunnermeier( Book )

6 editions published in 2016 in English and held by 3 WorldCat member libraries worldwide

We propose a simple model of the sovereign-bank diabolic loop, and establish four results. First, the diabolic loop can be avoided by restricting banks' domestic sovereign exposures relative to their equity. Second, equity requirements can be lowered if banks only hold senior domestic sovereign debt. Third, such requirements shrink even further if banks only hold the senior tranche of an internationally diversified sovereign portfolio -- known as ESBies in the euro-area context. Finally, ESBies generate more safe assets than domestic debt tranching alone; and, insofar as the diabolic loop is defused, the junior tranche generated by the securitization is itself risk-free
Audience Level
Audience Level
  Kids General Special  
Audience level: 0.75 (from 0.71 for Hierarchie ... to 0.86 for Relational ...)

Alternative Names

controlled identityJuan, Jorge

Gabilondo, Luis Garicano 1967-

Garicano Gabilondo, Luis

Garicano Gabilondo, Luis 1967-

Garicano, Luis

Garicano, Luis (Professor of Economics and Strategy)

Luis Garicano economista español

Luis Garicano économiste espagnol

Luis Garicano Gabilondo

Luis Garicano Gabilondo economista espanyol

Luis Garicano Spaans econoom

Luis Garicano Spanish economist


English (69)