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Productivity dispersion, competition and productivity measurement
Martin, Ralf - London School of Economics (LSE) - 2008
A startling fact of firm level productivity analysis is the large and persistent differences in both labour … productivity and total factor productivity (TFP) between firms in narrowly defined sectoral classes. The competitiveness of an … industry is potentially an important factor explaining this productivity dispersion. The degree of competition has also …
Persistent link: https://www.econbiz.de/10010745506
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Imperfect competition in the labour market
Manning, Alan - London School of Economics (LSE) - 2010
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...
Persistent link: https://www.econbiz.de/10010745736
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Productivity spreads, market power spreads and trade
Martin, Ralf - London School of Economics (LSE) - 2010
firms with different levels of productivity. A common problem isthat most firm level dataset do not contain information on … output prices of firms which makesit difficult to distinguish between productivity differences and differences in market … powerbetween firms. This paper develops a new econometric framework that allows estimatingboth firm specific productivity and …
Persistent link: https://www.econbiz.de/10010745877
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Strategic investment, industry concentration and the cross section of returns
Bustamante, Maria Cecilia - London School of Economics (LSE) - 2011
This paper provides an alternative real options framework to assess how firms' strategic interaction under imperfect competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production technologies, the cross sectional variation in...
Persistent link: https://www.econbiz.de/10011071300
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Sinking the blues: the impact of shop closing hours on labor and product markets
Goos, Maarten - London School of Economics (LSE) - 2004
There is a growing consensus among economists that extending shop opening hours creates jobs. While this is probably true in deregulating industries, this paper argues there are some deficiencies in the existing hypotheses about how exactly deregulation affects employment. First, this paper...
Persistent link: https://www.econbiz.de/10010746554
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The influence of neighbourhood effects on education decisions in a nationally funded education system : the case of Australia
Overman, Henry G.; Heath, Alex - London School of Economics (LSE) - 2000
Empirical papers studying the effects of neighbourhood characteristics on socio-economic variables have predominantly used US data. We argue that the local nature of the US schooling system means that neighbourhood effects on education decisions may act through fiscal or social channels. We use...
Persistent link: https://www.econbiz.de/10010884514
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Auctioning conservation contracts in the presence of externalities
Calel, Raphael - London School of Economics (LSE) - 2010
Current models of conservation auctions do not permit for the presence of environmental externalities and synergies … environmental externalities. Clearly, our models do not tell the whole story, and they consequently fail to identify waste and … inefficiency in these auctions. Our paper shows how externalities between bidders can be incorporated into our models of …
Persistent link: https://www.econbiz.de/10010745522
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Externalities in the matching of workers and firms in Britain
Burgess, Simon; Profit, Stefan - London School of Economics (LSE) - 2001
We provide empirical evidence on the nature of spatial externalities in a matching model for the UK. We use a monthly …
Persistent link: https://www.econbiz.de/10010745980
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Valuation and evaluation: measuring the quality of life and evaluating policy
Dasgupta, Partha - London School of Economics (LSE) - 2000
This paper is about measuring social well-being and evaluating policy. Part I is concerned with the links between the two, while Parts II and III, respectively, are devoted to the development of appropriate methods of measuring and evaluating. In Part II (Sections 4-7) I identify a minimal set...
Persistent link: https://www.econbiz.de/10010746162
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Optimal control of externalities in the presence of income taxation
Kaplow, Louis - London School of Economics (LSE) - 2010
AA substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...
Persistent link: https://www.econbiz.de/10011126406