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Free entry into markets with decreasing average costs and differentiated products can result in an inefficient number of firms and suboptimal product variety. Because new firms and products draw their customers in part from existing products, concentration can affect incentives to enter as well...
Persistent link: https://www.econbiz.de/10012471716
In theory, free entry can lead to social inefficiency. When new products are substitutes for existing products, the business stolen from incumbents places a wedge between private and social benefits of entry. The business stealing effect can be offset if entry reduces prices or increases...
Persistent link: https://www.econbiz.de/10012473328
A vast theoretical literature shows that inefficient market structures may arise in free entry equilibria. The inefficiency may manifest itself in the number, variety, or quality of products. Previous empirical work demonstrated that excessive entry may obtain in local radio markets. Our paper...
Persistent link: https://www.econbiz.de/10012457048
Persistent link: https://www.econbiz.de/10013480759
We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the … US, France, Germany and the UK. These measures of managerial practice are strongly associated with firm …-level productivity, profitability, Tobin's Q, sales growth and survival rates. Management practices also display significant cross …
Persistent link: https://www.econbiz.de/10012466452
advanced management practices. Many of these practices - including monitoring, goal setting, and the use of incentives - are … unique data set that combines detailed survey data on the management practices of German manufacturing firms with … longitudinal earnings records for their employees to study the relationship between productivity, management, worker ability, and …
Persistent link: https://www.econbiz.de/10012456573
outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year …-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational …
Persistent link: https://www.econbiz.de/10012457998
promoted management training trips for European managers at US firms. Through the analysis of reports compiled by UK, France …, Germany, and Italian participating firms, I first document that these companies claimed between 5 and 10% yearly productivity … increase thanks to the program. The fact that European businesses were not forced to adopt the American management model, but …
Persistent link: https://www.econbiz.de/10014447280