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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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Adjustment Costs, Inventories and Output
Danziger, Leif - CESifo - 2008
-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be …
Persistent link: https://www.econbiz.de/10005181397
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Firm Level Productivity under Imperfect Competition in Output and Labor Markets
Amoroso, Sara; Kort, Peter M.; Melenberg, Bertrand; … - CESifo - 2010
This article examines the role of the interaction between product market and labor market imperfections in determining total factor productivity growth (TFPG). Embedding Dobbelaere and Mairesse’s (2009) generalization of Hall’s (1990) approach, allowing for the possibility that wages are...
Persistent link: https://www.econbiz.de/10008583691
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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
the bankruptcy risk low. This holds in particular for firms that show a strong commitment towards their workforce and are …
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 a rich panel data-set of 25,360 firms observed over the period 2004-2007. This industry is characterized by its important reliance on technology. In particular, the paper...
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
accounts for wage bargaining. In addition to the other studies, along with the parameters characterizing a production function … contributes to literature on the structural identification of production functions in two ways. As a first step, it reviews the … different estimation techniques that have been tackling the endogeneity issues concerning the simultaneity, the omitted output …
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
production delays of various kinds. We model interruptions to the production process as a function of worker characteristics and …
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
unequal tax treatment of public and private sectors precludes production efficiency, it may improve welfare by mitigating the …
Persistent link: https://www.econbiz.de/10005765889