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We examine the effect of the minimum wage on restaurant prices. For that purpose, we estimate a price rigidity model by exploiting a unique dataset of individual price quotes used to calculate the Consumer Price Index in France. We find a positive and significant impact of the minimum wage on...
Persistent link: https://www.econbiz.de/10005792028
productivity, ii) exporters charge on average higher markups and iii) firms’ markups increase (decrease) upon export entry (exit …). We see these findings as a first step in opening up the productivity-export black box, and provide a potential … explanation for the big measured productivity premia for firms entering export markets. …
Persistent link: https://www.econbiz.de/10008528532
aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …
Persistent link: https://www.econbiz.de/10005504461
multi-country sourcing model in which heterogeneous firms self-select into importing based on their productivity and country …
Persistent link: https://www.econbiz.de/10011145398
While innovation is argued to create value, private incentives of firms to innovate are driven by what part of the value created firms can appropriate. In this paper we explore the relation between innovation and the markups a firm is able to extract after innovating. We estimate firm-specific...
Persistent link: https://www.econbiz.de/10011083230
structurally estimate the key parameters of our model to construct counterfactual size, productivity and welfare distributions …
Persistent link: https://www.econbiz.de/10011083258
increasing in firm productivity while the number of produced products that are exported is weakly increasing in firm productivity … the relationships between firm productivity and the numbers of exported products observed in the data, several demand and …
Persistent link: https://www.econbiz.de/10011084504
firms, and the fact that larger firms supply more products than smaller firms, implies that standard productivity measures … are not independent of demand system assumptions and probably dramatically understate the relative productivity of the …
Persistent link: https://www.econbiz.de/10011084590
We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn … establishments enter and increase market share). We find that (a) 'external restructuring' accounts for 50% of labour productivity …
Persistent link: https://www.econbiz.de/10005666830
patenting. Furthermore, it explains why R&D as a fraction of revenues is strongly related to firm productivity yet largely …
Persistent link: https://www.econbiz.de/10005788918