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Paul Geroski has established two stylized facts with respect to the prevalence of differential changes (mobility) of indicators of economic and technological performance indicators: technological indicators show a larger amount of mobility than do economic indicators. We assess the two stylized...
Persistent link: https://www.econbiz.de/10005786079
productivity levels. Productivity is calculated as total factor productivity by a nonparametric approach using data for U … reported. The results point to a first-order Markov process as a valid description of productivity transitions. Further …
Persistent link: https://www.econbiz.de/10005105641
productivity change is tested by an application of quantile regression and is found to be significantly positive throughout. …
Persistent link: https://www.econbiz.de/10005105656
In this paper a model of productivity dynamics of manufacturing industries is developed with key features being the … the productivity distribution across the industries is derived and nonparametrically estimated using data for U ….S. manufacturing industries over the period 1958-96. The conclusion of a substantial role of persistence in the productivity …
Persistent link: https://www.econbiz.de/10005105657
We analyze the effect of new business formation on the productivity of incumbent manufacturing establishments. We … obtain robust empirical evidence of productivity improvements that are due to the emergence of new businesses in the same … new businesses on the input market and cross-industry effects are not related to incumbents' productivity changes. The …
Persistent link: https://www.econbiz.de/10010941102
In this paper different formulae for the decomposition of aggregate productivity levels and changes are applied to a … period 1981-1998. Productivity is measured by a nonparametric frontier function approach. The decompositions of productivity … contributions from entering and exiting firms. Our results show that these forces drive aggregate productivity dynamics to a …
Persistent link: https://www.econbiz.de/10005105642
Different evaluators typically disagree how to rank different candidates since they care more or less for the various qualities of the candidates. It is assumed that all evaluators submit vector bids assigning a monetary bid for each possible rank order. The rules must specify for all possible...
Persistent link: https://www.econbiz.de/10008914823
Actual behaviour is influenced in important ways by moral emotions, for instance guilt or shame (see, among others, Tangney et al., 2007). Belief-dependant models of social preferences using the framework of psychological games aim to consider such emotions to explain other-regarding behaviour....
Persistent link: https://www.econbiz.de/10009144133
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 games used by Selten and Chmura (2008) and in the comment by Brunner, Camerer and Goeree (2009). Every participant played against four neighbors and could choose a different...
Persistent link: https://www.econbiz.de/10009318135
We assess the empirical validity of the overall theoretical framework of other-regarding preferences by focusing on those preference axioms that are common to all the prominent theories of outcome-based other-regarding preferences. This common set of preference axioms leads to a testable...
Persistent link: https://www.econbiz.de/10009321194