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Moen, Espen R; Yashiv, Eran - C.E.P.R. Discussion Papers - 2013

This paper studies the hiring and firing decisions of firms and their effects on firm value. This is done in an environment where the productivity of workers depends on how well they match with their co-workers and the firm acts as a coordinating device. Match quality derives from a production...

Persistent link: https://www.econbiz.de/10011083331

The declining competitiveness of French firms reflects a generalised supply-side problem

Boulhol, Hervé; Sicari, Patrizio - 2013

This short paper analyses the decline of France’s trade balance over the past 15 years. While the loss in export market shares is comparable to that of the major OECD countries except Germany, it is one of the largest among the countries of the euro area. The determinants of this outcome seem...

Persistent link: https://www.econbiz.de/10009711211

The Declining Competitiveness of French Firms Reflects a Generalised Supply-Side Problem

Boulhol, Hervé; Sicari, Patrizio - Economics Department, Organisation de Coopération et … - 2014

Persistent link: https://www.econbiz.de/10011276887

Spin-offs and the Market for Ideas

Chatterjee, Satyajit; Rossi-Hansberg, Esteban - National Bureau of Economic Research (NBER) - 2007

We propose a theory of firm dynamics in which workers have ideas for new projects that can be sold in a market to existing firms or implemented in new firms: spin-offs. Workers have private information about the quality of their ideas. Because of an adverse selection problem, workers can sell...

Persistent link: https://www.econbiz.de/10005829191

Who do Unions Target? Unionization over the Life-Cycle of U.S. Businesses

Greenwood, Jeremy; Dinlersoz, Emin; Hyatt, Henry - National Bureau of Economic Research (NBER) - 2014

What type of businesses do unions target for organizing? A dynamic model of the union organizing process is constructed to answer this question. A union monitors establishments in an industry to learn about their productivity, and decides which ones to organize and when. An establishment becomes...

Persistent link: https://www.econbiz.de/10010822033

Financial Frictions, Internal Capital Markets, and the Organization of Production

Sevcik, Pavel - In: Review of Economic Dynamics

This paper evaluates the role of internal capital markets in business groups for allocating capital to its most productive use. A quantitative model in which business groups arise endogenously as substitutes for imperfect credit markets explains several stylized facts about establishment size...

Persistent link: https://www.econbiz.de/10011103253

Size-Dependent Regulations, Firm Size Distribution, and Reallocation

Gourio, Francois; Roys, Nicolas A. - National Bureau of Economic Research (NBER) - 2012

In France, firms with 50 employees or more face substantially more regulation than firms with less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that must be...

Persistent link: https://www.econbiz.de/10011201571

Public policy and resource allocation : evidence from firms in OECD countries

Andrews, Dan; Cingano, Federico - 2012

The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting that some countries are more successful at channelling resources to high productivity firms than others. Accordingly, we examine the extent to which regulations affecting...

Persistent link: https://www.econbiz.de/10009696511

Capital reallocation and adverse selection

Li, Shaojin; Whited, Toni Marion - 2014

reallocation. In our model, adverse selection produces a resale discount for used capital. In equilibrium, this endogenous partial … irreversibility is more severe in recessions than booms, leading to more reallocation in booms. The distribution of firm size affects … fixed irreversibility generate procyclical reallocation …

Persistent link: https://www.econbiz.de/10010483664

Productivity Variation and Input Misallocation : Evidence from Hospitals

Chandra, Amitabh; Colla, Carrie Hoverman; Skinner, Jonathan - National Bureau of Economic Research - 2023

There are widespread differences in total factor productivity across producers in the U.S. and around the world. To help explain these variations, we devise a general test for misallocation in input choices - the underuse of effective inputs and overuse of ineffective ones. Misallocation implies...

Persistent link: https://www.econbiz.de/10014337801

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