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Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils interpretation. Chinitz (1961) hypothesized that coal mines near...
Persistent link: https://www.econbiz.de/10010821933
This chapter reviews academic research on the connections between agglomeration and innovation. We first describe the conceptual distinctions between invention and innovation. We then describe how these factors are frequently measured in the data and some resulting empirical regularities....
Persistent link: https://www.econbiz.de/10010885295
simplest form of pay for performance, the piece rate, has been in decline in manufacturing in recent decades. We show both … theoretically and empirically that these changes are due to adoption of "modern manufacturing" in which firms produce a greater … in two companies that adopted modern manufacturing methods and changed their method of compensation from piece rates to …
Persistent link: https://www.econbiz.de/10008727844
There is considerable evidence that producer-level churning contributes substantially to aggregate (industry) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the fact that producer-level prices are typically unobserved;...
Persistent link: https://www.econbiz.de/10005088607
Many studies have documented large and persistent productivity differences across producers, even within narrowly defined industries. This paper both extends and departs from the past literature, which focused on technological explanations for these differences, by proposing that demand-side...
Persistent link: https://www.econbiz.de/10005088728
In markets where spatial competition is important, many models predict that average prices are lower in denser markets (i.e., those with more producers per unit area). Homogeneous-producer models attribute this effect solely to lower optimal markups. However, when producers instead differ in...
Persistent link: https://www.econbiz.de/10005079152
Despite the fact that importing and exporting are extremely rare firm activities, economists generally devote little attention to the role of firms when discussing international trade. This paper summarizes key differences between trading and non-trading firms, demonstrates how these differences...
Persistent link: https://www.econbiz.de/10005085327
U.S. v. Microsoft and the related state suit filed in 1998 appear finally to have concluded. In a unanimous en banc decision issued in late June 2004, the D.C. Circuit Court of Appeals rejected challenges to the remedies approved by the District Court in November 2002. The wave of follow-on...
Persistent link: https://www.econbiz.de/10005774828
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/10005829412
manufacturing startups across cities and industries. Demographics have limited explanatory power. Overall levels of local customers … city and industry fixed effects explain between sixty and eighty percent of manufacturing entry. We use spatial …
Persistent link: https://www.econbiz.de/10005714042