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degree of competition in a market with the share of nonprofits: the availability of economic profits under for-profit status …
Persistent link: https://www.econbiz.de/10012472441
The inability to measure the opportunity cost of labor has plagued analyses of firm-level compensation policies for many years. Using a newly constructed data set of French workers and firms, we estimate the opportunity cost of the employees' time based on a measure of the person-effect in the...
Persistent link: https://www.econbiz.de/10012473366
geography. We use two variants of the Eaton-Kortum (2002) model to study China's local comparative advantage. The theory … nearby markets, and lighter goods in more distant markets. This theory motivates a simple empirical prediction: within a …
Persistent link: https://www.econbiz.de/10012464686
Merger policy is the most active area of U.S. antitrust policy. It is now widely believed that merger policy must move beyond its traditional focus on static efficiency to account for innovation and address dynamic efficiency. Innovation can fundamentally affect merger analysis in two ways....
Persistent link: https://www.econbiz.de/10012467980
Economists emphasize two channels through which import liberalization affects productivity, one operating between and … the other within firms. According to the former, import competition triggers market share reallocations between domestic … to 2002. First, in the long run, import liberalization lowers productivity in domestic industries through selection. This …
Persistent link: https://www.econbiz.de/10012464568
The conventional wisdom in health economics is that idiosyncratic features of the healthcare sector leave little scope for market forces to allocate consumers to higher performance producers. However, we find robust evidence across a variety of conditions and performance measures that higher...
Persistent link: https://www.econbiz.de/10012457066
The conventional wisdom in health economics is that large differences in average productivity across hospitals are the …, however, we find that productivity dispersion in heart attack treatment across hospitals is, if anything, smaller than in … productivity today is associated with about 4 percent more patients in 5 years. Taken together, these facts suggest that the …
Persistent link: https://www.econbiz.de/10012459463
Pricing complementarities play a key role in determining the propagation of monetary disturbances in sticky price models. We propose a procedure to infer the degree of firm-level pricing complementarities in the context of a menu cost model of price adjustment using data on prices and market...
Persistent link: https://www.econbiz.de/10012465194
model where the opening of new market opportunities causes an economic expansion by favoring competition for market share …
Persistent link: https://www.econbiz.de/10012465950
Nominal rigidities due to menu costs have become a standard element in closed economy macroeconomic modeling. The 'New Open Economy Macroeconomics' literature has investigated the implications of nominal rigidities in an open economy context and found that the currency in which prices are set...
Persistent link: https://www.econbiz.de/10012469674