-level productivity and scale effects. I show here that the incorporation of theory-based endogenous markups into AGE models is not … variety (entry), firm scale (productivity), and markups (distortions) to welfare changes differ substantially among the three …

productivity shocks raise income dispersion, lower the price elasticity of demand, and increase imperfectly competitive firms …

Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the … difficulty of separating these two effects. We use newly-developed techniques to separately estimate productivity and markups …-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …

in labor productivity and the degree of returns to scale. We organize our investigation around five questions that we …

Typically measures of multifactor productivity growth have been based on a production and optimization framework that … utilization indexes, and on the adjustment of observed productivity measures for the effects of short run fixity characterized by … capacity utilization adjustments for productivity growth measures. The resulting framework is then used to identify empirically …

Productivity reflects not only how efficiently inputs are transformed into outputs, but also how well information is …

productivity residuals in the United States and Canada. Using data on 19 manufacturing industries, we study the behavior of … productivity using three proxies for capital services. We find that adjusting for cyclical movements in capital utilization alters … many of the empirical characteristics of productivity, both within and across countries …