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Quota vs Quality? Long-Term Gains from an Unusual Gender Quota

Schaede, Ursina; Mankki, Ville - 2022

We evaluate equity-efficiency trade-offs from admissions quotas by examining effects on output once beneficiaries start producing in the relevant industry. In particular, we document the impact of abolishing a 40% quota for male primary school teachers in Finland on their pupils’ long-run...

Persistent link: https://www.econbiz.de/10014081473

Quality Misallocation, Trade, and Regulations

Macedoni, Luca; Weinberger, Ariel - 2021

externality on the rest of the world as it induces entry of high-quality firms, but unilateral regulation lowers the terms of … formulation to quantify the welfare consequences of imposing the optimal regulation, the extent of the positive externalities …

Persistent link: https://www.econbiz.de/10013229785

Non-Competitive Wage-Setting as a Cause of Unfriendly and Inefficient Leadership

Dur, Robert A. J. - 2019

This paper develops a simple economic model to examine how leadership styles in organizations depend on the prevailing wage-setting conditions for workers. In particular, we examine a leader who can - in addition to the use of monetary incentives - motivate a worker by adopting leadership styles...

Persistent link: https://www.econbiz.de/10012861392

Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy

González, Beatriz; Nuño, Galo; Thaler, Dominik; … - 2021

We analyze monetary policy in a New Keynesian model with heterogeneous firms and financial frictions. Firms differ in their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends on the time-varying distribution of firms. Although a...

Persistent link: https://www.econbiz.de/10013311708

Market Size and Number of Firms with New Technology

Marjit, Sugata; Dastidar, Krishnendu Ghosh; Das, Gouranga - 2022

In this paper, unlike the conventional wisdom, we demonstrate that the relationship between the size of the market and number of firms would be non-monotonic. While moderate rise in the size would force the local firms to exit and only the foreign firm rules, substantial rise in the size would...

Persistent link: https://www.econbiz.de/10014077000

Growing by the Masses - Revisiting the Link between Firm Size and Market Power

Afrouzi, Hassan; Drenik, Andres; Kim, Ryan - 2021

How are a firm’s size and market power related to one another? Combining micro-data about producers and consumers, we document that while firms mainly grow by selling to more customers, their markups are only associated with their average sales per customer. To study the macroeconomic...

Persistent link: https://www.econbiz.de/10013315173

On the Profitability of Cross-Ownership in Cournot Oligopolies : Stock Sizes Matter

Benchekroun, Hassan - 2020

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We consider a symmetric cross-ownership structure in which a subset of k firms engage in cross-shareholding and each firm has an equal silent financial interest in the other firms,...

Persistent link: https://www.econbiz.de/10012824811

Regulation of Location-Specific Externalities

Amundsen, Eirik Schrøder - 2019

In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from … such regulations should be designed and combined. We find that the optimal regulation design crucially depends on the type … technology regulation encourages cleaner technologies in high damage areas, but discourages their use in low damage areas …

Persistent link: https://www.econbiz.de/10012892205

A Dynamic Theory of Regulatory Capture

De Chiara, Alessandro; Schwarz, Marco - 2021

Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...

Persistent link: https://www.econbiz.de/10013236193

Does Envelopment Through Data Advantage Call for New Regulation?

Langus, Gregor; Lipatov, Vilen - 2021

commentators have focused on the anticompetitive potential of envelopment, and some have argued for regulation of platforms because … of that concern. These calls for regulation are not supported by robust formal analysis or comprehensive empirical …

Persistent link: https://www.econbiz.de/10013239564