We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i … the new product using the normatively appealing Nash bargaining solution (see Nash, 1950). In our model the disagreement … the product development contest. We analytically characterize subgame perfect equilibrium effort levels of workers and …

This paper examines how trade liberalization affects the innovation incentives of firms, and what this implies for … industry productivity. For this purpose we develop a reciprocal dumping model of international trade with heterogeneous firms … expected industry productivity. The central results of the paper regarding firm and industry level R&D spending differ …

We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first … STEM-skill intensive and are associated with innovation, as well as with technology adoption, management, and diffusion …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this …

business size in an industry fosters growth in terms of total factor productivity (TFP). The results suggest that the overall …

We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a … innovation and productivity. The effect of managerial experience measured by age on firm performance depends instead on the type … of firm: high age of managers and board members is bad for innovation and productivity growth, while costs and benefits …

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …