organizational structure and technology of rival banks in the vicinity influence local banking competition. …Recent theoretical models argue that a bank’s organizational structure reflects its lending technology. A …. We investigate theoretically and empirically how bank organization shapes banking competition. Our theoretical model …

We measure the impact of a drastic new technology for producing steel, the minimill, on the aggregate productivity of U …'s productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills displaced the older … technology, called vertically integrated production, and this reallocation of output was responsible for a third of the increase …

Existing literature on the strategic interaction between the central bank (CB) and unions assumes that firms face … perfect competition on product markets and that inflation is chosen directly by the monetary authority. Although these …. This is done in a three stage game, in the first stage of which unions contractually set nominal wages, in the second stage …

A theoretical model of collective wage bargaining is developed in which unions set wages and employers decide …

determined by bargaining. We are able to prove that, irrespective of the degree of competition in the market for skilled labour …

unemployment: labour unions, supply shocks combined with real wage rigidity, and automation and trade combined with real wage …

This Paper develops a model in which the interaction between product market imperfections, transportation costs, unions …

This Paper surveys the economic literature on the impact of trade unions on innovation. There are many theoretical … routes through which unions may have an effect on innovation, for example through their effects on relative factor prices …, profitability and their attitudes towards the introduction of new technology. Recent theoretical work has focused on the possibility …