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Diverging Trends in Macro and Micro Volatility: Facts

Comin, D.; Mulani, S. - C.V. Starr Center for Applied Economics, Department of … - 2003

In this paper, we document the diverging trends in volatility of the growth rate of sales at the aggregate and firm level. We establish that the upward trend in micro volatility is not simply driven by a compositional bias in the sample studied. We argue that this new fact renders obsolete the...

Persistent link: https://www.econbiz.de/10005826888

An Uncertainty-Driven Theory of the Productivity Slowdown: Manufacturing

Comin, D. - C.V. Starr Center for Applied Economics, Department of … - 2000

This paper presents a theory of the productivity slowdown based on the effects that uncertainty has on the productivity … of specialized capital. Uncertainty reduces the efficiency of inflexible capital and generates a slowdown. It also … increases the demand for flexible capital which retains its productivity in the new volatile environment. The increase in the …

Persistent link: https://www.econbiz.de/10005605546

Dynamic Factor Demand Models and Productivity Analysis

Nadiri, M.I.; Prucha, I. - C.V. Starr Center for Applied Economics, Department of … - 1999

Persistent link: https://www.econbiz.de/10005264353

Cultural Transmission, Marriage and the Evolution of Ethnic and Religious Traits

Bisin, Alberto; Verdier, Thierry - C.V. Starr Center for Applied Economics, Department of … - 1998

Persistent link: https://www.econbiz.de/10005605660

An Experimental Study of Two-Actor Accidents

Kornhauser, Lewis A.; Schotter, Andrew - C.V. Starr Center for Applied Economics, Department of … - 1991

Persistent link: https://www.econbiz.de/10005826717

Incomplete Markets

Wilson, Charles - C.V. Starr Center for Applied Economics, Department of … - 1991

Persistent link: https://www.econbiz.de/10005826815

Efficiency Differences Between Foreign and Domestic Firms in Mexico

Blomstrom, Magnus - C.V. Starr Center for Applied Economics, Department of … - 1987

Persistent link: https://www.econbiz.de/10005826941

MARKETS AND INSTITUTIONS IN LARGE SCALE PRIVATIZATIONS-AN APPROACH TO ECONOMIC AND SOCIAL TRANFORMATIONS IN EASTERN EUROPE

Frydman, Roman; Rapaczynski, Andrzej - C.V. Starr Center for Applied Economics, Department of … - 1990

Persistent link: https://www.econbiz.de/10005605576

Moral Hazard and Non-Exclusive Contracts

Bisin, A.; Guaitoli, D. - C.V. Starr Center for Applied Economics, Department of … - 1998

This paper studies equilibria for economies characterized by moral hazard (hidden action), in which the set of contracts marketed in equilibrium is determined by the interaction of financial intermediaries. The crucial aspect of the environment that we study is that intermediaries are restricted...

Persistent link: https://www.econbiz.de/10005605650

Oil Demands in the US and Japan: why the Demand Reductions Caused by the Price Increases of the 1970's won't be Reversed by the Price Declines of the 1980's

Gately, D. - C.V. Starr Center for Applied Economics, Department of … - 1992

Persistent link: https://www.econbiz.de/10005605673