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European firm concentration and aggregate productivity
Bighelli, Tommaso; Di Mauro, Filippo; Melitz, Marc J.; … - 2021
This article derives a European Herfindahl-Hirschman concentration index from 15 micro-aggregated country datasets. In … the last decade, European concentration rose due to a reallocation of economic activity towards large and concentrated … markups stayed constant. Using country-industry variation, we show that changes in concentration are positively associated …
Persistent link: https://www.econbiz.de/10012504920
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European firm concentration and aggregate productivity
Bighelli, Tommaso; Di Mauro, Filippo; Melitz, Marc J.; … - 2021
This article derives a European Herfindahl-Hirschman concentration index from 15 micro-aggregated country datasets. In … the last decade, European concentration rose due to a reallocation of economic activity towards large and concentrated … markups stayed constant. Using country-industry variation, we show that changes in concentration are positively associated …
Persistent link: https://www.econbiz.de/10012504955
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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
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Comparative advantage and skill-specific unemployment
Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment effects of trade liberalization. We show that the...
Persistent link: https://www.econbiz.de/10010265247
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Unemployment in an interdependent world
Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10010265248
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Unemployment in an interdependent world
Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10010266008
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Comparative advantage and skill-specific unemployment
Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment effects of trade liberalization. We show that the...
Persistent link: https://www.econbiz.de/10010266011
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Unemployment in an interdependent world
Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2012
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10011453724
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Endogenous Labor Market Insitutions in an Open Economy
Felbermayr, Gabriel; Larch, Mario; Wolfgang, Lechthaler - 2011
The paper sets up a two-country asymmetric trade model with heterogeneous firms,search frictions and endogenous labor market institutions. Countries are linked by tradein goods and non-cooperatively set unemployment benefits to maximize national welfare.We show that more open and smaller...
Persistent link: https://www.econbiz.de/10010312065
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The Shimer-Puzzle of International Trade: A Quantitative Analysis
Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - 2012
Recent theoretical literature studies how labor market reforms in one country can affect labor market outcomes in other countries, thereby rationalizing widely-held policy beliefs and empirical evidence. But what is the quantitative relevance of such spillover effects? This paper combines two...
Persistent link: https://www.econbiz.de/10010312195