Showing 1 - 10 of 332
Manufacturing industries differ with respect to their energy intensity, labor-to-capital ratio and their pollution intensity. Across the United States, there is significant variation in electricity prices and labor and environmental regulation. This paper uses a regression discontinuity approach...
Persistent link: https://www.econbiz.de/10008727870
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
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
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 present a challenge to standard trade models and shows how recent … "heterogeneous-firm" models of international trade address these challenges. We then make use of transaction-level U.S. trade data to …
Persistent link: https://www.econbiz.de/10005085327
It is well known that new businesses are typically much smaller than their established industry competitors, and that this size gap closes slowly. We show that even in commodity-like product markets, these patterns do not reflect productivity gaps, but rather differences in demand-side...
Persistent link: https://www.econbiz.de/10009493264
Economists have often argued that "pay for performance" is the optimal compensation scheme. However, use of the 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...
Persistent link: https://www.econbiz.de/10008727844
Why are some places more entrepreneurial than others? We use Census Bureau data to study local determinants of manufacturing startups across cities and industries. Demographics have limited explanatory power. Overall levels of local customers and suppliers are only modestly important, but new...
Persistent link: https://www.econbiz.de/10005714042
To what extent are firms kept out of a market by patents covering related technologies? Do patents held by potential entrants make it easier to enter markets? We estimate the empirical relationship between market entry and patents for 27 narrowly defined categories of software products during...
Persistent link: https://www.econbiz.de/10005720371
Recent theoretical work predicts that an important margin of adjustment to deregulation or trade reforms is the … developing country during a period (1989-2003) that spans large-scale trade and other market reforms. We find that in the cross … destruction". We also find no link between declines in tariffs on final goods induced by India's 1991 trade reform and product …
Persistent link: https://www.econbiz.de/10005829412
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