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Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement
Veldkamp, Laura - 2006
Synchronized expansions and contractions across sectors define business cycles. Yet synchronization is puzzling because productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis explores complementarity in information...
Persistent link: https://www.econbiz.de/10012466105
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Effects of Product Availability : Experimental Evidence
Conlon, Christopher T. - 2010
Product availability impacts many industries such as transportation, events, and retail, yet little empirical evidence documents the importance of stocking decisions for firm profits, vertical relationships, or consumers. We conduct several experiments, exogenously removing top-selling products...
Persistent link: https://www.econbiz.de/10012462151
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Modern Management : Good for the Environment or just Hot Air?
Bloom, Nicholas - 2008
We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then … match this management data to production and energy usage information for establishments owned by these firms. We find that … relation to other factor inputs. This is quantitatively substantial: going from the 25th to the 75th percentile of management …
Persistent link: https://www.econbiz.de/10012464253
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An Alternative Theory of the Plant Size Distribution with an Application to Trade
Holmes, Thomas J. - 2010
There is wide variation in the sizes of manufacturing plants, even within the most narrowly defined industry classifications used by statistical agencies. Standard theories attribute all such size differences to productivity differences. This paper develops an alternative theory in which...
Persistent link: https://www.econbiz.de/10012462694
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Decoupling and Recoupling
Korinek, Anton - 2010
We develop a stylized model that captures the phenomena of decoupling and recoupling in an environment where heterogeneous entrepreneurial sectors face financial constraints in their relationship with a common set of lenders. In response to adverse shocks, a financially constrained sector must...
Persistent link: https://www.econbiz.de/10012462744
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Monopoly Power and Endogenous Product Variety : Distortions and Remedies
Bilbiie, Florin O. - 2008
The inefficiencies related to endogenous product creation and variety under monopolistic competition are two-fold: one static--the misalignment between consumers and producers regarding the value of a new variety; and one dynamic--time variation in markups. Quantitatively, the welfare costs of...
Persistent link: https://www.econbiz.de/10012464264
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Offshoring and the Role of Trade Agreements
Antràs, Pol - 2008
The rise of offshoring of intermediate inputs raises important questions for commercial policy. Do the distinguishing features of offshoring introduce novel reasons for trade policy intervention? Does offshoring create new problems of global policy cooperation whose solutions require...
Persistent link: https://www.econbiz.de/10012464361
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Multi-product Firms and Product Turnover in the Developing World : Evidence from India
Goldberg, Pinelopi K. - 2008
Recent theoretical work predicts that an important margin of adjustment to deregulation or trade reforms is the reallocation of output within firms through changes in their product mix. Empirical work has accordingly shifted its focus towards multi-product firms and their product mix decisions....
Persistent link: https://www.econbiz.de/10012464518
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Optimal Choice of Product Scope for Multiproduct Firms under Monopolistic Competition
Feenstra, Robert - 2007
In this paper we develop a monopolistic competition model where firms exercise their market power across multiple products. Even with CES preferences, markups are endogenous. Firms choose their optimal product scope by balancing the net profits from a new variety against the costs of...
Persistent link: https://www.econbiz.de/10012464943
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Reference Points and the Theory of the Firm
Hart, Oliver D. - 2007
In this article I argue that it has been hard to make progress on Coase's theory of the firm agenda because of the difficulty of formalizing haggling costs. I propose an approach that tries to move things forward using the idea of aggrievement costs, and apply it to the question of whether a...
Persistent link: https://www.econbiz.de/10012465165