Showing 1 - 10 of 65
this analysis, we use patent citations as a proxy for the innovation effort by the acquirer. Our main result is to show … that acquisition increases the innovation effort of the acquirer but only temporarily. After 1.5 year, there is no longer a … significant impact of the acquisition on the acquirer’s innovation effort. This decline is relatively larger when the acquired …
Persistent link: https://www.econbiz.de/10014505345
ideology scores from the Manifesto Project. We measure exposure to automation both at the regional level, based on the ex …
Persistent link: https://www.econbiz.de/10012035056
We investigate the impact of investment in automation-related goods on adopting and non-adopting firms in the Italian … of Italian importing firms and estimate the effects on adopters' outcomes within a difference-indifferences design … exploiting import lumpiness in product categories linked to automation and AI technologies. We find a positive average adoption …
Persistent link: https://www.econbiz.de/10014383690
This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot … these automation technologies and identify the phases of acceleration and deceleration in investment. We then examine how … exposure to these automation technologies affects employment and wages across these different phases of their life cycle. We …
Persistent link: https://www.econbiz.de/10014490819
information on mergers and firm-level multimarket production and innovation within the semiconductor industry. Using the pairwise …
Persistent link: https://www.econbiz.de/10011549386
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10011646840
Partly motivated by the recent antitrust investigations concerning Google, we develop a leverage theory of tying in two-sided markets. We analyze incentives for a monopolist to tie its monopolized product with another product in a two-sided market. Tying provides a mechanism to circumvent the...
Persistent link: https://www.econbiz.de/10011536190
This paper examines the interaction between productivity growth, firms’ monopolistic market power, and workers’ wage bargaining power. Our study contributes to several strands of literatures. First, we examine a monopolistic framework which accounts for wage bargaining. In addition to the...
Persistent link: https://www.econbiz.de/10010496909
In contrast to empirical evidence, recent theories of cross-border mergers and acquisitions (M&As) assume perfect knowledge transfers - from high to low productivity firms - between acquirer and target. Using the Melitz (2003) model of heterogeneous firms, we develop a matching model of...
Persistent link: https://www.econbiz.de/10011862878
Assortment decisions are key strategic instruments for firms responding to local market conditions. We assess this claim by studying the effect of a national merger between two large Dutch supermarket chains on prices and on the depth as well as composition of assortment. We adopt a...
Persistent link: https://www.econbiz.de/10011846229