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This Paper first documents the comparative productivity performance of the United States and Britain since 1870 … management, as a key factor. A model of the interaction between technology, organization and economic performance is then … must be analysed if the major changes in comparative productivity performance among nations are to be understood fully; (2 …
Persistent link: https://www.econbiz.de/10005124451
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 …
Persistent link: https://www.econbiz.de/10011083447
the valuation for the other product. This provides some foundations for the phenomenon of versioning, which has been … alternative pricing policies: in the partially-discriminatory case, producers make use of the known information only; in the fully …
Persistent link: https://www.econbiz.de/10005792422
video version, and has to decide on its versioning and sequencing strategy. In contrast with the previous literature, we … optimal to introduce versioning if the goods are not too substitutes for one anoher, even when production costs are zero (pure …
Persistent link: https://www.econbiz.de/10008854538
job creation in the US, is its slower productivity growth. This paper begins with data showing that US productivity growth … has been essentially zero since 1973 outside of manufacturing. In contrast, productivity growth in US manufacturing has …
Persistent link: https://www.econbiz.de/10005281397
panel of industries in 17 countries from 1993-2007. We find that industrial robots increased both labor productivity and ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …
Persistent link: https://www.econbiz.de/10011196027
This paper models payment evasion as a source of profit by letting the firm choose the purchase price and the fine imposed on detected payment evaders. For a given price and fine, the consumers purchase, evade payment, or choose the outside option. We show that payment evasion leads to a form of...
Persistent link: https://www.econbiz.de/10011276378
In this paper, we examine how cross-market price restrictions impact strategic entry and pricing decisions. A …
Persistent link: https://www.econbiz.de/10005792026
Centralized markets with large numbers of buyers and sellers are generally thought of as being competitive and well-functioning. However, an important role of centralized markets is matching heterogeneous products, such as fish, to buyers of these products. The high level of differentiation in...
Persistent link: https://www.econbiz.de/10005136669
An uninformed seller offers an object to a privately informed buyer. The buyer projects information and exaggerates the probability that the seller is informed. Letting the buyer bargain and name her own price raises the seller's payoff above the full-commitment payoff. Under seller-offer...
Persistent link: https://www.econbiz.de/10011168901