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firms charge higher markups, yet the allocation of resources across firms is efficient. Further, we point to a new source of …
Persistent link: https://www.econbiz.de/10015145095
"We analyze the relationship between financial development and inter-industry resource allocation in the short- and …
Persistent link: https://www.econbiz.de/10010523015
production re-allocation effect. Our comment points out that the set-up assumed in the Melitz model displays a trade off between …
Persistent link: https://www.econbiz.de/10012467972
We analyze the relationship between financial development and inter-industry resource allocation in the short- and long …
Persistent link: https://www.econbiz.de/10012468457
) the effects of trade and growth on the skill premium. The theory is consistent with certain facts about factor allocation …In this paper we develop a theory of how factors interact at the plant level. The theory has implications for: (1) the … micro foundations for capital skill complementarity (2) the relationship between factor allocation and plant size and (3 …
Persistent link: https://www.econbiz.de/10012468615
Most transplanted kidneys are from cadavers, but there are also substantial numbers of transplants from live donors. Recently, there have started to be kidney exchanges involving two donor-patient pairs such that each donor cannot give a kidney to the intended recipient because of immunological...
Persistent link: https://www.econbiz.de/10012468710
predict inefficiencies in the allocation of public goods, there is little direct evidence that individual legislators respond …
Persistent link: https://www.econbiz.de/10012468950
Capital reallocation is procyclical, despite measured productive reallocative opportunities being acyclical, or even countercyclical. This paper reviews the advances in the literature studying the causes and consequences of capital reallocation (or lack thereof). We provide a comprehensive set...
Persistent link: https://www.econbiz.de/10012480736
We consider a tractable model of heterogeneous production units that features endogenous entry and productivity investment to assess the quantitative impact of policy distortions on aggregate output and establishment size. Relative to the standard factor misallocation framework, policy...
Persistent link: https://www.econbiz.de/10012455871
We test for sorting of workers between and within industrial sectors in a directed search model with coordination frictions. We fit the model to sector-specific vacancy and output data along with publicly-available statistics that characterize the distribution of worker and employer wage...
Persistent link: https://www.econbiz.de/10012458196