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Knowledge-based Hierarchies: Using Organizations to Understand the Economy
Rossi-Hansberg, Esteban; Garicano, Luis - National Bureau of Economic Research (NBER) - 2014
We argue that incorporating the decision of how to organize the acquisition, use, and communication of knowledge into economic models is essential to understand a wide variety of economic phenomena. We survey the literature that has used knowledge-based hierarchies to study issues like the...
Persistent link: https://www.econbiz.de/10010950675
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Sources of Firm Life-Cycle Dynamics: Differentiating Size vs. Age Effects
Kueng, Lorenz; Yang, Mu-Jeung; Hong, Bryan - National Bureau of Economic Research (NBER) - 2014
empirical successes and shortcomings of current theory. First, models of organizational capital and innovation are broadly … sheets and innovation, representative of the entire Canadian economy, we study recent theories that examine life … frictions, learning about demand, and recent endogenous growth models with incumbent innovation. We emphasize the importance of …
Persistent link: https://www.econbiz.de/10010951103
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On the Road: Access to Transportation Infrastructure and Economic Growth in China
Duflo, Esther; Banerjee, Abhijit; Qian, Nancy - National Bureau of Economic Research (NBER) - 2012
This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact that these networks tend to connect historical cities....
Persistent link: https://www.econbiz.de/10009652889
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Multinational Firms and the Structure of International Trade
Antras, Pol; Yeaple, Stephen Ross - National Bureau of Economic Research (NBER) - 2013
This article reviews the state of the international trade literature on multinational firms. This literature addresses three main questions. First, why do some firms operate in more than one country while others do not? Second, what determines in which countries production facilities are...
Persistent link: https://www.econbiz.de/10010969233
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Patent Trolls: Evidence from Targeted Firms
Cohen, Lauren; Gurun, Umit; Kominers, Scott Duke - National Bureau of Economic Research (NBER) - 2014
intellectual property space. Heterogeneity in innovation, given a cost of commercialization, results in NPEs that choose to act as …
Persistent link: https://www.econbiz.de/10010887112
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Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News
Schneider, Martin; Ilut, Cosmin; Kehrig, Matthias - National Bureau of Economic Research (NBER) - 2014
This paper studies the distribution of employment growth when firms adjust asymmetrically to dispersed but correlated signals. If hiring decisions respond more to bad news than to good news, both aggregate conditional volatility ("macro-volatility") and the cross sectional dispersion of...
Persistent link: https://www.econbiz.de/10010950903
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The Morphology of Price Dispersion
Kaplan, Greg; Menzio, Guido - National Bureau of Economic Research (NBER) - 2014
This paper is a study of the shape and structure of the distribution of prices at which an identical good is sold in a given market and time period. We find that the typical price distribution is symmetric and leptokurtic, with a standard deviation between 19% and 36%. Only 10% of the variance...
Persistent link: https://www.econbiz.de/10010950974
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Acquisitions, Productivity, and Profitability: Evidence from the Japanese Cotton Spinning Industry
Braguinsky, Serguey; Ohyama, Atsushi; okazaki, tetsuji; … - National Bureau of Economic Research (NBER) - 2014
We explore how changes in ownership and managerial control affect the productivity and profitability of producers. Using detailed operational, financial, and ownership data from the Japanese cotton spinning industry at the turn of the last century, we find a more nuanced picture than the...
Persistent link: https://www.econbiz.de/10010951141
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Starving (or Fattening) the Golden Goose?: Generic Entry and the Incentives for Early-Stage Pharmaceutical Innovation
Branstetter, Lee; Chatterjee, Chirantan; Higgins, Matthew J. - National Bureau of Economic Research (NBER) - 2014
stage pharmaceutical innovation? We explore this question using novel data sources and an empirical framework that models … implications of our results for long-run welfare, policy, and innovation. …
Persistent link: https://www.econbiz.de/10010951198
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The Effects of Environmental Regulation on the Competitiveness of U.S. Manufacturing
Greenstone, Michael; list, john; Syverson, Chad - National Bureau of Economic Research (NBER) - 2012
The economic costs of environmental regulations have been widely debated since the U.S. began to restrict pollution emissions more than four decades ago. Using detailed production data from nearly 1.2 million plant observations drawn from the 1972-1993 Annual Survey of Manufactures, we estimate...
Persistent link: https://www.econbiz.de/10010951338