Showing 1 - 10 of 715
The uniform pricing puzzle for vertically differentiated products states that a monopolist sells high and low quality products at the same price despite the fact that quality is perfectly observable and that there are no significant costs of adjusting prices. The puzzle is relevant for movies,...
Persistent link: https://www.econbiz.de/10011249375
We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination. Simulated prices and quantities from the model exhibit the key features observed in a set of high quality...
Persistent link: https://www.econbiz.de/10005036234
network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different …' buyer-seller linkages, we find significant improvements in firm performance as well as creation of new buyer-seller links …
Persistent link: https://www.econbiz.de/10011262884
productivity and restructuring. Unlike previous studies we are able to account for the heterogeneity across firms in their exposure … appreciation of the Norwegian Krone in the early 2000s on Norwegian manufacturing firms which differ substantially in their trade … orientation. A change in the real exchange rate (RER) affects a firm through three different channels: (i) firm's export sales …
Persistent link: https://www.econbiz.de/10005666743
We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …
Persistent link: https://www.econbiz.de/10005667140
total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5 … time-series volatility of productivity are also characterized by greater cross-sectional dispersion in productivity …. Volatility in TFP explains one quarter to one third of cross-country productivity dispersion. We document a similar relationship …
Persistent link: https://www.econbiz.de/10009150947
We measure the impact of a drastic new technology for producing steel, the minimill, on the aggregate productivity of U …'s productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills displaced the older … in the industry's productivity. Second, increased competition, due to the expansion of minimills, drove a substantial …
Persistent link: https://www.econbiz.de/10011083447
inefficiency and stresses a need for institutional adjustments. We show that cooperation by water trade and the introduction of …
Persistent link: https://www.econbiz.de/10009493560
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of … performance. Using longitudinal data, we find large and sustained effects of entrepreneurs at all levels of the performance … suggest that an often overlooked factor -- individual entrepreneurs -- plays a large role in affecting firm performance. …
Persistent link: https://www.econbiz.de/10011083991
of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in … change in a firm’s performance and no industry sector was found to have a specific effect on it. We found evidence that … several types of owners have an effect on certain performance measures. There does not exist support that type of owner has an …
Persistent link: https://www.econbiz.de/10005788907