We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our …. With flexible wages, the deadweight loss of the regulation is below 1% of GDP, but when wages are downwardly rigid welfare … losses exceed 5%. We also show, regardless of wage flexibility, that the main losers from the regulation are workers (and to …

. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …

on existing theories of competition in markets with adverse selection. …

often varies between individual firms. We show that these differences can be the result of labor market competition if … intuition, labor market competition does not destroy but may indeed foster within-firm cooperation. …

It is now stylized that, while the impact of ownership on firm productivity is unclear, product market competition can … be expected to have a positive impact on productivity, thereby making entry (or contestability of markets) desirable …. Traditional research in the context of entry has explored the strategic reactions of incumbent firms when threatened by the …

’ decision to enter, to expand if successful and to exit if competition becomes unbearable. In this paper, we focus on the … effects of financial development on the entry of new firms and the expansion of successful new businesses. Drawing from … entry of small firms and in sectors that are more dependent upon external finance. This finding is robust to controlling for …

enter in year t are less productive than incumbent firms in year t. (H3) Surviving firms from an entry cohort were more …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …