Showing 1 - 10 of 91
quantities, variety and productivity. Under constant elasticity demand, each firm prices above its average cost, yet we show …
Persistent link: https://www.econbiz.de/10009651299
The paper investigates the impact of financial integration on asset return, risk diversification and breadth of financial markets. We analyse a three-country macroeconomic model in which (i) the number of financial assets is endogenous; (ii) assets are imperfect substitutes; (iii) cross-border...
Persistent link: https://www.econbiz.de/10004967716
The paper presents a two-country macroeconomic model in which the number of financial assets is endogenous. Imperfect substitutability of assets and international transaction costs give a comparative advantage to large markets, because of demand effects. Agents have more incentives to undertake...
Persistent link: https://www.econbiz.de/10005017187
While transport costs have fallen, the empirical evidence also points at rising total trade costs. In a model of industry location with endogenous transaction costs, we show how and under which conditions a decline in transport costs can lead to an increase in the total cost of trade.
Persistent link: https://www.econbiz.de/10005797200
aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …
Persistent link: https://www.econbiz.de/10005510386
productivity. The "Solow Paradox" of the absence of an impact of ICT on productivity no longer holds, if it ever did. Both growth … accounting and econometric evidence suggest an important role for ICTs in accounting for productivity. In fact, the empirical … estimates suggest a much larger impact of ICT on productivity than would be expected from the standard neoclassical model that …
Persistent link: https://www.econbiz.de/10005510438
If the presence of a union in a workplace or firm raises the pay level, unless productivity rises correspondingly … senescence. Therefore the impact of unions on productivity, financial performance and investment is extremely important. This … to use theory to predict unambiguously any union effect on productivity because unions can both enhance and detract from …
Persistent link: https://www.econbiz.de/10004967697
How and by how much do supervisors enhance worker productivity? Using a company-based data set on the productivity of …
Persistent link: https://www.econbiz.de/10011096841
Why did productivity rise during recent recessions? One possibility is that average worker quality increased. A second … 2010 on individual worker productivity from a large firm, these effects can be measured and separated. For this firm, most … of the gain in productivity during the recession was a result of increased effort. Additionally, the increase in effort …
Persistent link: https://www.econbiz.de/10011099877
We analyze the performance outcomes of National Hockey League (NHL) players over 18 seasons (1990-1991 to 2007-2008) as a function of the demographic conditions into which they were born. We have three main findings. First, larger birth cohorts substantially affect careers. A player born into a...
Persistent link: https://www.econbiz.de/10011165722