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simultaneity bias in productivity estimates through semi-parametric techniques, we find that changes in domestic firms’ TFP are …
Persistent link: https://www.econbiz.de/10011256786
This paper examines how productivity effects of human capital and innovation vary at different points of the … conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14 … are more dispersed in the Netherlands. In both countries, we observe non-linearities in the productivity effects of …
Persistent link: https://www.econbiz.de/10011256679
market productivity. The key constituents of human capital, identified in the literature, are jointly examined in a close …-to-reality-model. The main advantage of our model of productivity is that, in addition to accounting for the filigree composition of human … groups of migrating and local human capital, their interaction and joint impact on local productivity, and (2) to cross …
Persistent link: https://www.econbiz.de/10011257327
We consider price-fee competition in bilateral oligopolies with perfectly-divisible goods, non-expandable infrastructures, concentrated agents on both sides, and constant marginal costs. We define and characterize stable market outcomes. Buyers exclusively trade with the supplier with whom they...
Persistent link: https://www.econbiz.de/10011255451
stagnation differs from balanced growth by the presence of relatively many small firms of low productivity. …
Persistent link: https://www.econbiz.de/10011255851
This paper extends Hotelling's model of price competition with quadratic transportation costs from a line to graphs. We derive an algorithm to calculate firm-level demand for any given graph, conditional on prices and firm locations. These graph models of price competition may lead to spatial...
Persistent link: https://www.econbiz.de/10011256375
This paper extends Hotelling's model of price competition with quadratic transportation costs from a line to graphs. I propose an algorithm to calculate firm-level demand for anygiven graph, conditional on prices and firm locations. These graph models of price competitionmay lead to spatial...
Persistent link: https://www.econbiz.de/10011256594
This paper examines the relationship between firm births and job creation in Great Britain. We use a new data set for 60 British regions, covering the whole of Great Britain, between 1980 and 1998. The central theme of the paper is that, with the exception of a recent paper by Audretsch and...
Persistent link: https://www.econbiz.de/10011257022
This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is likely to play in the consolidation game. We propose that whether a firm assumes the role of rival consolidator, target, or passive observer depends on the position of the firm...
Persistent link: https://www.econbiz.de/10011257223
This paper introduces the Werden-Froeb Index (WFI) to assist in evaluating merger-specific efficiencies in horizontal mergers. The index measures the weighted average reduction in marginal costs required to restore pre-merger equilibrium prices and quantities after the (full or partial) merger...
Persistent link: https://www.econbiz.de/10011257357