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The industrial organization and regulation of the securities industry

Lo, Andrew W. (ed.) - 1996

Persistent link: https://www.econbiz.de/10000937532

Changing Returns to Scale in Manufacturing 1880-1930 : The Rise of (Skilled) Labor?

Lafortune, Jeanne; Lewis, Ethan; Martinez, Jose Pablo; … - National Bureau of Economic Research - 2021

This paper estimates returns to scale for manufacturing industries around the turn of the twentieth century in the United States by exploiting an industry-city panel data for the years 1880-1930. We estimate decreasing returns to scale on average over the period, contrary to most of the existing...

Persistent link: https://www.econbiz.de/10012510512

Entrepot : Hubs, Scale, and Trade Costs

Ganapati, Sharat; Wong, Woan Foong; Ziv, Oren - National Bureau of Economic Research - 2021

Entrepôts are hubs that facilitate trade between multiple origins and destinations. We study these entrepôts, the network they form, and their impact on international trade. We document that the trade network is a hub-and-spoke system, where 80% of trade is shipped indirectly--nearly all via...

Persistent link: https://www.econbiz.de/10012599305

Data and Market Power

Eeckhout, Jan; Veldkamp, Laura - National Bureau of Economic Research - 2022

Might firms' use of data create market power? To explore this hypothesis, we craft a model in which economies of scale in data induce a data-rich firm to invest in producing at a lower marginal cost and larger scale. However, the model uncovers much richer interactions between data, welfare and...

Persistent link: https://www.econbiz.de/10013210050

Increasing Returns and the Theory of International Trade

Krugman, Paul R. - 1985

Increasing returns are as fundamental a cause of international trade as comparative advantage, but their role has until recently been neglected because of the problem of modelling market structure. Recently substantial theoretical progress has been made using three different approaches. These...

Persistent link: https://www.econbiz.de/10012477327

The Comparative Advantage of Educated Workers in Implementing New Technology : Some Empirical Evidence

Bartel, Ann P. - 1985

In this paper we estimate variants of a labor demand equation derived from a (restricted variable) cost function in which "experience"on a technology (proxied by the mean age of the capital stock) enters "non-neutrally." Our specification of the underlying cost function isbased on the hypothesis...

Persistent link: https://www.econbiz.de/10012477361

The Darwinian Returns to Scale

Baqaee, David - 2020

decompose the change in welfare into changes in technical and allocative efficiency due to reallocation. We non … somewhere between 70% to 90% of the aggregate returns to scale are due to changes in allocative efficiency. In bigger markets … firms enter. However, important as they are, the improvements in allocative efficiency are not driven by oft …

Persistent link: https://www.econbiz.de/10012481722

Estimating Network Economies in Retail Chains : A Revealed Preference Approach

Ellickson, Paul B. - 2010

We measure the effects of chain economies, business stealing, and heterogeneous firms' comparative advantages in the discount retail industry. Traditional entry models are ill-suited for this high-dimensional problem of strategic interaction. Building upon recently developed profit inequality...

Persistent link: https://www.econbiz.de/10012462819

The Good, the Bad and the Average : Evidence on the Scale and Nature of Ability Peer Effects in Schools

Lavy, Victor - 2009

In this paper, we study ability peer effects in secondary schools in England and identify which segments of the peer ability distribution drive the impact of peer quality on students‟ achievements. To do so, we use census data for four cohorts of pupils taking their age-14 national tests, and...

Persistent link: https://www.econbiz.de/10012463049

National Borders, Conflict and Peace

Spolaore, Enrico - 2009

This paper reviews the economics approach to conflict and national borders. The paper provides a summary of ideas and concepts from the economics literature on the size of nations; illustrates them within an analytical framework where populations engage in conflict over borders and resources,...

Persistent link: https://www.econbiz.de/10012463089

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