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Bernard, Andrew B.; Redding, Stephen J.; Schott, Peter K. - 2003

This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...

Persistent link: https://www.econbiz.de/10014030628

Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001

Wirkungen auf die Marktstruktur. Sie reduzieren nicht einfach die Zahl der Wettbewerber in einem Markt, sondern durch Fusionen …

Persistent link: https://www.econbiz.de/10010307515

Profitable horizontal mergers without cost advantages : the role of internal organization, information, and market structure

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001

Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The...

Persistent link: https://www.econbiz.de/10011398061

Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - Wissenschaftszentrum Berlin für Sozialforschung (WZB) - 2001

Wirkungen auf die Marktstruktur. Sie reduzieren nicht einfach die Zahl der Wettbewerber in einem Markt, sondern durch Fusionen …

Persistent link: https://www.econbiz.de/10009370662

Concentrating on the Fall of the Labor Share

Autor, David H. - 2017

al. (2017), we evaluate and confirm two core claims of the superstar firm hypothesis: the concentration of sales among … firms within industries has risen across much of the private sector; and industries with larger increases in concentration …

Persistent link: https://www.econbiz.de/10012963787

The Fall of the Labor Share and the Rise of Superstar Firms

Autor, David H. - 2017

firms in each industry, product market concentration will rise as industries become increasingly dominated by superstar … increasingly concentrate in a small number of firms; industries where concentration rises most will have the largest declines in … share will be greatest in the sectors with the largest increases in market concentration; and finally, such patterns will be …

Persistent link: https://www.econbiz.de/10012956029

The fall of the labor share and the rise of superstar firms

Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017

Persistent link: https://www.econbiz.de/10011647664

Concentrating on the fall of the labor share

Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017

Persistent link: https://www.econbiz.de/10011612751

Silent Interests and All-Pay Auctions

Konrad, Kai A. - 2005

If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...

Persistent link: https://www.econbiz.de/10010296367

Multi-product firms and trade liberalization

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - 2009 - Rev.

This paper develops a general equilibrium model of international trade that features selection across firms, products and countries. Firms' export decisions depend on a combination of firm “productivity” and firm-product-country “consumer tastes,' both of which are stochastic and unknown...

Persistent link: https://www.econbiz.de/10003930530