Showing 1 - 10 of 191
This paper empirically examines the effects of financial crises on the organization of production of multinational enterprises. We construct a panel of European multinational networks from 2003 through 2015. We use as a financial shock the increase in risk premia between August 2007 and July...
Persistent link: https://www.econbiz.de/10014287317
qualitative evidence to support an alternative view that the lease generated a net efficiency gain, resulting in lower steel …
Persistent link: https://www.econbiz.de/10012473180
effects of acquisitions on efficiency and underlying mechanisms. We find a 2% average increase in efficiency for acquired … plants, beginning five months after acquisitions. Efficiency gains rise to 5% under direct ownership changes, with no … significant change when only parent ownership changes. Investigating the mechanisms, three-quarters of the efficiency gain is …
Persistent link: https://www.econbiz.de/10014635690
We examine the impact of Artificial Intelligence (AI) on productivity in the context of taxi drivers. The AI we study assists drivers with finding customers by suggesting routes along which the demand is predicted to be high. We find that AI improves drivers' productivity by shortening the...
Persistent link: https://www.econbiz.de/10013435174
Which Americans experience the worst infrastructure? What are the costs of living with that infrastructure? We measure road roughness throughout America using vertical acceleration data from Uber rides across millions of American roads. Our measure correlates strongly and positively with other...
Persistent link: https://www.econbiz.de/10014447302
Electrification is a centerpiece of global decarbonization efforts. Yet there are reasons to be skeptical of the inevitability, or at least the optimal pace, of the transition. We discuss several under-appreciated costs of full, or even deep, electrification. Consumer preferences can operate in...
Persistent link: https://www.econbiz.de/10013435155
determined by bargaining after investment has been sunk. Although this investment raises efficiency, it limits the range of …
Persistent link: https://www.econbiz.de/10012471203
We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...
Persistent link: https://www.econbiz.de/10012471481
This chapter presents an overview of advances in the structural analysis of contracting in vertical markets over the past fifteen years. We provide a discussion of theoretical models of contracting and bargaining that form the basis of recent empirical work, and then present common approaches...
Persistent link: https://www.econbiz.de/10012629502
We examine the impacts of physician-hospital integration on care fragmentation and other measures of care-coordination using a dynamic model of movers and stayers in commercially insured plans. Although recent growth in the share of practicing physicians belonging to these vertical organizations...
Persistent link: https://www.econbiz.de/10012794636