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Do Entrepreneurs Matter?
Becker, Sascha O.; Hvide, Hans K. - CESifo - 2013
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010607007
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Carbon Leakage and Capacity-Based Allocations. Is the EU right?
Meunier, Guy; Ponssard, Jean-Pierre; Quirion, Philippe - CESifo - 2012
Two main approaches have been implemented in regional CO2 markets to address competitiveness and carbon leakage: output based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best policy, given that auctioning with border adjustment...
Persistent link: https://www.econbiz.de/10010877645
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The Commitment Role of Equity Financing
Fahn, Matthias; Merlo, Valeria; Wamser, Georg - CESifo - 2014
Existing theories of a firm’s optimal capital structure seem to fail in explaining why many healthy and profitable firms rely heavily on equity financing, even though benefits associated with debt (like tax shields) appear to be high and the bankruptcy risk low. This holds in particular for...
Persistent link: https://www.econbiz.de/10010877665
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Sources of Productivity Spillovers: Panel Data Evidence from China
Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - CESifo - 2014
This paper assesses sources of productivity spillovers in China’s electric and electronic manufacturing industry using … important reliance on technology. In particular, the paper focuses on the role of other firms’ productivity as well as … productivity shifters in affecting own firm-level total factor productivity. In addition, this paper examines the possible …
Persistent link: https://www.econbiz.de/10010877809
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Productivity, Price- and Wage-Markups: An Empirical Analysis of the Dutch Manufacturing Industry
Amoroso, Sara; Melenberg, Bertrand; Plasmans, Joseph; … - CESifo - 2015
This paper examines the interaction between productivity growth, firms’ monopolistic market power, and workers’ wage … study the correlation of the estimated parameters and markups with the firm-level productivity growth. Second, the paper …
Persistent link: https://www.econbiz.de/10011210785
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Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix
Corato, Luca Di; Moretto, Michele - CESifo - 2009
In a continuous-time framework we study the technology and investment choice problem of a continuous co-digestion biogas plant dealing with randomly fluctuating relative convenience of input factor costs. Input factors enter into the productive process together mixed according to a given initial...
Persistent link: https://www.econbiz.de/10005013066
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Lifting the Veil: The Face of TFP in an Indian Rail Mill
Das, Sanghamitra; Krishna, Kala M.; Lychagin, Sergey; … - CESifo - 2011
We use a proprietary data set on the floor-level operations at the Bhilai Rail and Structural Mill (RSM) in India to understand how output rose sharply in response to competitive pressures. Output increases came predominantly from reductions in production delays of various kinds. We model...
Persistent link: https://www.econbiz.de/10009225826
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Why is the Public Sector More Labor-Intensive? A Distortionary Tax Argument
Poutvaara, Panu; Wagener, Andreas - CESifo - 2004
A relatively high labor-intensity in government-run entities need not imply slack in their organization. Rather, it is a rational reaction to various forms of wage tax advantage that the public sector has over private firms. Even though an unequal tax treatment of public and private sectors...
Persistent link: https://www.econbiz.de/10005765889
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Generalized Quadratic Revenue Functions
Chambers, Robert G.; Färe, Rolf; Grosskopf, Shawna; … - CESifo - 2008
In this paper we focus on specification of revenue functions in their dual price space. We consider two distance functions, both dual to the revenue function: Shephard output distance function and the directional output distance function, both in price space. The former is multiplicative,...
Persistent link: https://www.econbiz.de/10005765913
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Estimated U.S. Manufacturing Production Capital and Technology Based on an Estimated Dynamic Economic Model
Chen, Baoline; Zadrozny, Peter A. - CESifo - 2005
Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except …
Persistent link: https://www.econbiz.de/10005765979