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What Happened to U.S. Business Dynamism?
Akcigit, Ufuk - 2019
In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...
Persistent link: https://www.econbiz.de/10012479707
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Banks in Space
Oberfield, Ezra; Rossi-Hansberg, Esteban; Trachter, Nicholas - National Bureau of Economic Research - 2024
We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period, large banks expanded rapidly, mostly by adding new branches in new locations, while many small banks exited. We document that large banks sorted into the densest markets, but...
Persistent link: https://www.econbiz.de/10014512110
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The Slow Growth of New Plants : Learning about Demand?
Foster, Lucia - 2012
It is well known that new businesses are typically much smaller than their established industry competitors, and that this size gap closes slowly. We show that even in commodity-like product markets, these patterns do not reflect productivity gaps, but rather differences in demand-side...
Persistent link: https://www.econbiz.de/10012460806
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Revealing Corruption : Firm and Worker Level Evidence from Brazil
Colonnelli, Emanuele; Lagaras, Spyridon; Ponticelli, Jacopo - National Bureau of Economic Research - 2022
We study how the disclosure of corrupt practices affects the growth of firms involved in illegal interactions with the government using randomized audits of public procurement in Brazil. On average, firms exposed by the anti-corruption program grow larger after the audits, despite experiencing a...
Persistent link: https://www.econbiz.de/10012814402
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Why is Productivity Correlated with Competition?
Backus, Matthew - 2019
The correlation between productivity and competition is an oft-observed but ill-understood result. Some suggest that … there is a treatment effect of competition on measured productivity, e.g. through a reduction of managerial slack. Others … argue that greater competition makes unproductive establishments exit by reallocating demand to their productive rivals …
Persistent link: https://www.econbiz.de/10012479699
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A Theory of Stock Exchange Competition and Innovation : Will the Market Fix the Market?
Budish, Eric - 2019
This paper builds a model of stock exchange competition tailored to the institutional and regulatory details of the …
Persistent link: https://www.econbiz.de/10012479804
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Industry Structure, Segmentation, and Competition in the U.S. Hotel Industry
Butters, R. Andrew - 2019
, quality competition came more in the form of costs that vary with hotel size, and less in the form of costs that are fixed …
Persistent link: https://www.econbiz.de/10012480523
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Entry, Exit, and the Determinants of Market Structure
Dunne, Timothy - 2009
expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a … by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all …
Persistent link: https://www.econbiz.de/10012463337
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Competition and Political Organization : Together or Alone in Lobbying for Trade Policy?
Bombardini, Matilde - 2009
show that sectors characterized by a higher degree of competition (more substitutable products and a lower concentration of …
Persistent link: https://www.econbiz.de/10012463876
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Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets
Bushnell, James B. - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012465139