We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

government regulation may reduce transaction costs, intensifying the competition associated with a given market structure, and we …

substitutability of market competition and private ownership in increasing firm efficiency. We analyse a simple Cournot model that … competition, and thus that competition only among state-owned enterprises may be ineffectual in stimulating them to increase …

patenting. Furthermore, it explains why R&D as a fraction of revenues is strongly related to firm productivity yet largely …

between firm size, scope and productivity. More efficient firms become exporters, but not all exporters are large and not all …

quantity and price information to disentangle markups from quantity-based productivity, and then compute marginal costs by …

identify the impact of increased import competition on firm performance and its contribution to the significant productivity … that imports took away market share from domestic firms. Furthermore, much of the effects on sectoral productivity come … firms in particular, which can be rationalized by an increase in the minimum productivity threshold needed to survive in …

, scope, and productivity. In the model, firms are heterogeneous in how well they cope with expanding their product range. The …-discount puzzle" found in the data. Globalization induces a merger wave that leads to an improvement in average productivity. This … improvement is not due to selection effects but rather due to product-level productivity effects. The model predicts that …